5655.0 - Managed Funds, Australia, Jun 2003
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/08/2003
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JUNE QTR KEY FIGURES
(b) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices. JUNE QTR KEY POINTS CONSOLIDATED ASSETS
NOTES CHANGES IN THIS ISSUE A list of additional tables available on AusStats is shown for the first time. REVISIONS THIS ISSUE There have been revisions in many series as a result of quality assurance workundertaken with data providers. In particular revisions have been made to: cash management trusts (revised back to March 1996); life insurance (revised back to March 1998); superannuation (revised back to December 1999); and fund managers (revised back to September 2000). ROUNDING Discrepancies may occur between sums of the component items and totals due to rounding. ABBREVIATIONS
FURTHER INFORMATION For further information about these and related statistics, contact Amanda Seneviratne on Canberra 02 6252 7489, or the National Information and Referral Service on 1300 135 070. MANAGED FUNDS: ADDITIONAL TABLES ON AUSSTATS The tables below are available from the AusStats service on this website <www.abs.gov.au> by selecting Time Series Spreadsheets and then Finance. 5a. Friendly societies, unconsolidated assets 5b. Friendly societies, liabilities 9a. Public unit trusts, total assets by type of trust 9b. Public unit trusts, total assets by type of asset 9c. Public unit trusts, liabilities and unit holders' funds 9d. Public unit trusts, financial operations 10a. Listed property trusts, assets 10b. Listed property trusts, liabilities and unit holders' funds 10c. Listed property trusts, financial operations 11a. Listed equity trusts, assets 11b. Listed equity trusts, liabilities and unit holders' funds 11c. Listed equity trusts, financial operations 12a. Listed mortgage trusts, assets 12b. Listed mortgage trusts, liabilities and unit holders' funds 12c. Listed mortgage trusts, financial operations 13a. Unlisted property trusts, assets 13b. Unlisted property trusts, liabilities and unit holders' funds 13c. Unlisted property trusts, financial operations 14a. Unlisted equity trusts, assets 14b. Unlisted equity trusts, liabilities and unit holders' funds 14c. Unlisted equity trusts, financial operations 15a. Unlisted mortgage trusts, assets 15b. Unlisted mortgage trusts, liabilities and unit holders' funds 15c. Unlisted mortgage trusts, financial operations 16a. Unlisted other trusts, assets 16b. Unlisted other trusts, liabilities and unit holders' funds 16c. Unlisted other trusts, financial operations 17a. Cash common funds, assets 17b. Cash common funds, liabilities 17c. Cash common funds, deposits and withdrawals 17d. Cash common funds, maturity and dissection of assets 18a. Non-cash common funds, assets 18b. Non-cash common funds, liabilities 18c. Non-cash common funds, deposits and withdrawals MANAGED FUNDS: Consolidated Assets BY TYPE OF INSTITUTION At 30 June 2003, consolidated assets of superannuation funds was $311.7b, up $20.3b (7%) since March 2003. Consolidated assets of life insurance offices was $158.9b, down $0.1b (0%), public unit trusts was $130.6b, up $1.9b (1%) and friendly societies was $4.6b, unchanged since March 2003. The consolidated assets of common funds increased by $0.5b (6%), while the assets of cash management trusts decreased by $1.8b (6%). BY TYPE OF ASSET During the quarter equities and units in trusts increased $9.1b (4%), cash and deposits, $3.8b (8%), assets overseas, $3.0b (3%), loans and placements, $1.8b (7%) and other assets, $1.7b (8%). These were partially offset by a decrease in short term securities of $0.9b (1%). CROSS INVESTMENT The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 June 2003.
MANAGED FUNDS: Unconsolidated Assets LIFE INSURANCE OFFICES At 30 June 2003, the total assets of life insurance offices was $194.9b, an increase of $3.3b since March 2003. Major increases were in short term securities, up $1.4b (11%), equities and units in trusts, up $0.6b (1%), cash and deposits, up $0.5b (7%), long term securities, up $0.4b (2%) and loans and placements, up $0.4b (7%). Assets held overseas decreased by $0.2b (1%) during the quarter. SUPERANNUATION FUNDS The total assets of superannuation funds held outside of life offices was $379.3b at 30 June 2003, an increase of $23.0b (6%) since March 2003. All asset classes increased during the quarter. Holdings of equities and units in trusts increased by $13.7b (9%). Of this, trading corporation shares increased by $6.3b (9%), financial sector shares increased by $4.9b (17%) and units in trusts increased by $2.5b (4%). Holdings of cash and deposits increased by $1.9b (5%). Of this, holdings in banks increased by $1.3b (4%), and in other deposit taking institutions increased by $0.6b (11%). Holdings of short term securities increased by $1.0b (5%) and assets held overseas increased by $3.3b (5%). There were marginal increases in the remaining asset classes. PUBLIC UNIT TRUSTS The total assets for public unit trusts was $156.3b at 30 June 2003, an increase of $2.2b (1%) since March 2003. The major increases were in equities and units in trusts, up $0.9b (1%), cash and deposits, up 0.5b (7%) and land and building , up $0.5b (1%) on March 2003. The only asset class to show a decrease was assets overseas, down $0.1b, all remaining asset classes were virtually unchanged. FRIENDLY SOCIETIES Total assets of friendly societies was $6.1b at 30 June 2003, an increase of $0.1b since March 2003. Equities and units in trusts increased by $0.1b (8%). This was offset by a decrease in short term securities of $0.1b (7%). Short and long term securities and equities and units in trusts accounted for 72% of total assets. COMMON FUNDS Total assets of common funds was $8.9b at 30 June 2003, an increase of $0.6b (7%) since March 2003. Loans and placements increased by $0.4b (20%). Short term securities accounted for 45% of total assets. CASH MANAGEMENT TRUSTS Total assets of cash management trusts was $29.3b at 30 June 2003, a decrease of $1.8b (6%) on the revised March 2003 figure. Cash and deposits increased by $1.4b (57%) while short term securities decreased by $3.5b (13%). Of the short term securities, $1.5b was in bills of exchange. Short term securities accounted for 77% of total assets. MANAGED FUNDS - INVESTMENT MANAGERS SOURCE OF FUNDS UNDER MANAGEMENT During June quarter 2003 there was an increase in total funds under management by investment managers of $25.3b (4%), bringing the total funds under management to $650.0b. The value of funds under management on behalf of superannuation funds increased by $14.4b (8%), public unit trusts increased by $5.9b (7%), and life insurance increased by $1.7b (1%). During the quarter the value of funds under management on behalf of other sources increased $2.0b (1%). Of this, the largest increase was funds under management on behalf of other investment managers (up $2.6b). This was offset by a decrease in the value of funds under management on behalf of other trusts, down $1.5b (2%). The value of funds under management on behalf of overseas sources increased to 16.6b following an $0.8b (5%) increase from the previous quarter. Continuing merger activity has resulted in changed reporting arrangements for some fund managers. The ABS continues to work with the relevant fund managers to clarify theses changes in reporting and assess their impact on the estimates. The value of managed funds assets invested through investment managers was $450.3b at 30 June 2003, representing 70% of the consolidated assets of managed funds. Document Selection These documents will be presented in a new window.
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