MARCH KEY FIGURES
Dec Qtr 2013
Mar Qtr 2014
|Total managed funds industry |
2 307 516
2 338 809
|Consolidated assets total managed funds institutions |
1 833 104
1 857 530
|Cross invested assets between managed funds institutions |
|Unconsolidated assets total managed funds institutions |
2 308 278
2 337 660
|Life insurance corporations |
|Superannuation (pension) funds |
1 706 115
1 731 041
|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 2014, the managed funds industry had $2,338.8b funds under management, an increase of $31.3b (1%) on the December quarter 2013 figure of $2,307.5b.
- The main valuation effects that occurred during the March quarter 2014 were as follows: the S&P/ASX 200 increased 0.8%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 0.6% and the A$ appreciated 3.1% against the US$.
CROSS INVESTED ASSETS
- At 31 March 2014, the consolidated assets of managed funds institutions were $1,857.5b, an increase of $24.4b (1%) on the December quarter 2013 figure of $1,833.1b.
- The asset types that increased were shares, $8.7b (2%); deposits, $7.3b (3%); other financial assets, $3.2b (11%); short term securities, $1.6b (2%); loans and placements, $1.5b (3%); bonds, etc., $1.4b (2%); overseas assets, $0.8b (0%) and land, buildings and equipment, $0.5b (0%). These were partially offset by decreases in units in trusts, $0.3b (0%) and other non-financial assets, $0.2b (2%). Derivatives were flat.
- At 31 March 2014, there were $480.1b of assets cross invested between managed funds institutions.
- At 31 March 2014, the unconsolidated assets of superannuation (pension) funds increased $24.9b (1%), public offer (retail) unit trusts increased $3.3b (1%), life insurance corporations increased $1.8b (1%) and common funds increased $0.1b (1%). Cash management trusts decreased $0.7b (3%). Friendly societies were flat.
|ISSUE (QUARTER) ||Release Date|
|June 2014 ||28 August 2014|
|September 2014 ||27 November 2014|
|December 2014 ||26 February 2015|
|March 2015 ||28 May 2015|
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 December quarter 2013.
- Table 4 Superannuation (pension) funds - revised back to December quarter 2001.
- Table 5 Public offer (retail) unit trusts - revised back to September quarter 2005.
- Table 6 Friendly societies - no revisions.
- Table 7 Common funds - revised back to June quarter 2006.
- Table 8 Cash management trusts - revised back to June quarter 2013.
- Table 9 Resident investment managers - revised back to September quarter 2005.
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.
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