MARCH KEY FIGURES
Dec Qtr 2015
Mar Qtr 2016
|Total managed funds industry |
2 654 921
2 633 102
|Consolidated assets total managed funds institutions |
2 086 165
2 069 294
|Cross invested assets between managed funds institutions |
|Unconsolidated assets total managed funds institutions |
2 624 862
2 600 961
|Life insurance corporations |
|Superannuation (pension) funds |
1 957 459
1 941 818
|Public offer (retail) unit trusts |
|All other managed funds institutions |
MARCH KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
by type of institution
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
- At 31 March 2016, the managed funds industry had $2,633.1b funds under management, a decrease of $21.8b (1%) on the December quarter 2015 figure of $2,654.9b.
- The main valuation effects that occurred during the March quarter 2016 were as follows: the S&P/ASX 200 decreased 4.0%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, decreased 0.9%; and the A$ appreciated 4.8% against the US$.
CROSS INVESTED ASSETS
- At 31 March 2016, the consolidated assets of managed funds institutions were $2,069.3b, a decrease of $16.9b (1%) on the December quarter 2015 figure of $2,086.2b.
- The asset types that decreased were overseas assets, $10.8b (3%); units in trusts, $5.9b (3%); shares, $5.9b (1%); deposits, $1.0b (0%) and loans and placements, $0.3b (1%). These were partially offset by increases in short term securities, $2.2b (2%); other financial assets, $2.1b (7%); bonds, etc., $1.1b (1%); land, buildings and equipment, $1.1b (0%); other non-financial assets, $0.3b (3%) and derivatives, $0.2b (5%).
- At 31 March 2016, there were $531.7b of assets cross invested between managed funds institutions.
- At 31 March 2016, the unconsolidated assets of superannuation (pension) funds decreased $15.6b (1%), life insurance corporations decreased $6.1b (2%); public offer (retail) unit trusts decreased $2.1b (1%) and friendly societies decreased $0.1b (2%). Cash management trusts increased $0.2b (0%). Common funds were flat.
|ISSUE (QUARTER) ||Release Date|
|June 2016 ||25 August 2016|
|September 2016 ||24 November 2016|
|December 2016 ||23 February 2017|
|March 2017 ||25 May 2017|
There have been revisions as a result of the receipt of revised administrative data, survey data and due to the inclusion of new survey respondents.
- Table 3 Life insurance corporations - revised back to the December quarter 2015.
- Table 4 Superannuation (pension) funds - revised back to the March quarter 2014.
- Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2015.
- Table 6 Friendly Societies - no revisions.
- Table 7 Common funds - no revisions.
- Table 8 Cash management trusts - revised back to the December quarter 2015.
- Table 9 Resident Investment Managers - revised back to the March quarter 2014.
As the ABS has previously advised, the Australian Prudential Regulation Authority (APRA) introduced an enhanced set of reporting forms for Registrable Superannuation Entities (RSEs) from September quarter 2013. A number of data items provided from the new APRA collections significantly deviate from the previous ones, both in concept and definition. Where the impact on an affected series could not be estimated, the ABS has been moving forward the affected series using cautiously chosen indicators derived from other ABS collections that have a very strong historical correlation to these series. This methodology will continue to be applied until additional superannuation data collection requirements can be implemented by APRA which satisfy the conceptual and definitional requirements of the ABS. Users are advised to continue exercising caution when using superannuation data in this publication.
outlines how the ABS will handle any personal information that you provide to the ABS.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.