JUNE KEY FIGURES
Mar Qtr 2016
Jun Qtr 2016
|Total managed funds industry |
2 646 695
2 721 601
|Consolidated assets total managed funds institutions |
2 077 984
2 143 685
|Cross invested assets between managed funds institutions |
|Unconsolidated assets total managed funds institutions |
2 615 758
2 690 178
|Life insurance corporations |
|Superannuation (pension) funds |
1 958 992
2 031 354
|Public offer (retail) unit trusts |
|All other managed funds institutions |
JUNE KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
by type of institution
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
- At 30 June 2016, the managed funds industry had $2,721.6b funds under management, an increase of $74.9b (3%) on the March quarter 2016 figure of $2,646.7b.
- The main valuation effects that occurred during the June quarter 2016 were as follows: the S&P/ASX 200 increased 3.0%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 0.3%; and the A$ depreciated 3.0% against the US$.
CROSS INVESTED ASSETS
- At 30 June 2016, the consolidated assets of managed funds institutions were $2,143.7b, an increase of $65.7b (3%) on the March quarter 2016 figure of $2,078.0b.
- The asset types that increased were shares, $26.6b (4%); overseas assets, $17.9b (4%); deposits, $7.4b (2%); other financial assets, $6.5b (19%); land, buildings and equipment, $5.1b (2%); bonds, etc., $3.8b (3%); short term securities, $3.0b (3%); and derivatives, $0.3b (10%). These were partially offset by decreases in units in trusts, $3.6b (2%); loans and placements, $0.9b (2%); and other non-financial assets, $0.3b (3%).
- At 30 June 2016, there were $546.5b of assets cross invested between managed funds institutions.
- At 30 June 2016, the unconsolidated assets of superannuation (pension) funds increased $72.4b (4%), public offer (retail) unit trusts increased $2.7b (1%), friendly societies increased $0.1b (2%), and common funds increased $0.1b (1%). Life insurance corporations decreased $0.6b (0%), and cash management trusts decreased $0.3b (1%).
|ISSUE (QUARTER) ||Release Date|
|September 2016 ||24 November 2016|
|December 2016 ||23 February 2017|
|March 2017 ||25 May 2017|
|June 2017 ||31 August 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 September quarter 2015.
- Table 4 Superannuation (pension) funds - revised back to the June quarter 2012.
- Table 5 Public offer (retail) unit trusts - revised back to the September quarter 2014.
- Table 6 Friendly Societies - no revisions.
- Table 7 Common funds - revised back to the September quarter 2015.
- Table 8 Cash management trusts - no revisions.
- Table 9 Resident Investment Managers - revised back to the June quarter 2012.
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.