5655.0 - Managed Funds, Australia, Jun 2019  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 05/09/2019   
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ANALYSIS


MANAGED FUNDS INDUSTRY

At 30 June 2019, the managed funds industry had $3,680.6b funds under management, an increase of $107.1b (3.0%) on the March quarter 2019 figure of $3,573.5b. Increases were recorded in consolidated assets of managed funds institutions, $103.6b (3.6%); funds managed by Australian investment managers on behalf of Australian entities other than  managed funds institutions, $3.7b (0.7%); funds managed by Australian investment managers on behalf of overseas investors, $0.3b (0.2%).

The following diagram shows the total value of the managed funds industry at 30 June 2019 and the relationship between the various components of the industry:

June quarter 2019 Managed Funds

Diagram: June quarter 2019 Managed Funds diagram



MANAGED FUNDS INSTITUTIONS

Consolidated assets of managed funds institutions

At 30 June 2019, the consolidated assets of managed funds institutions were $3,000.0b, an increase of $103.6b (3.6%) on the March quarter 2019 figure of $2,896.4b.

Total Consolidated Assets
Graph: This graph shows the percentage growth of consolidated assets of managed funds institutions.



Consolidated assets by types of asset

The asset types that increased were units in trusts, $33.6b (4.3%); overseas assets, $33.0b (6.2%); shares, $30.9b (6.1%); bonds, etc., $7.2b (6.9%); deposits, $6.5b (2.5%); other financial assets, $4.1b (1.7%). These were partially offset by decreases in derivatives, $5.4b (13.8%); short term securities, $2.6b (3.0%); other non-financial assets, $2.0b (19.4%); loans and placements, $1.4b (3.2%); land, buildings and equipment, $0.2b (0.1%).

Survey of Financial Information
Graph: Survey of Financial Information



UNCONSOLIDATED ASSETS

Life insurance corporations

Some aggregate statistics for life insurance corporations that are usually released in this publication have been suppressed to protect the confidentiality of data providers.

Published life insurance asset classes that recorded increases were: short term securities, $1.2b (53.4%); assets overseas, $0.8 (5.6%); other financial assets, $0.6b (11.0%); deposits, $0.3b (5.1%); loans and placements, $0.1b (2.7%). Decreases were recorded in other non-financial assets, $2.1b (47.3%); shares, $0.2b (1.0%); bonds, etc., $0.1b (0.2%). Derivatives were flat.


Superannuation (pension) funds

At 30 June 2019, total unconsolidated assets of superannuation funds were $2,888.2b, an increase of $100.3b (3.6%) on the March quarter 2019 figure of $2,788.0b.

Increases were recorded in units in trusts, $64.4b (6.7%); assets overseas, $32.1b (6.9%); shares, $31.4b (7.0%); bonds, etc., $6.0b (8.9%); deposits, $6.0b (2.5%); land, buildings and equipment, $1.4b (1.0%).These were partially offset by decreases in derivatives, $6.1b (17.5%); short term securities, $2.5b (4.5%). Loans and placements were flat.

Superannuation (Pension) funds
Graph: This graph shows the percentage growth of superannuation (pension) funds' assets.



Public offer (retail) unit trusts

At 30 June 2019, total unconsolidated assets of public offer (retail) unit trusts were $381.0b, an increase of $2.4b (0.6%) on the March quarter 2019 figure of $378.5b.

Increases were recorded in units in trusts, $2.9b (3.3%); other financial assets, $1.4b (24.1%); bonds, etc., $0.7b (7.3%); derivatives, $0.6b (19.6%); short term securities, $0.2b (6.0%); assets overseas, $0.1b (0.2%). These were partially offset by decreases in land, buildings and equipment, $1.6b (1.2%); loans and placements, $1.5b (4.7%); deposits, $0.4b (4.9%). Other non-financial assets and shares were flat.

Public Offer Unit Trusts
Graph: This graph shows the percentage growth of public offer unit trusts' assets.



Friendly societies

At 30 June 2019, total unconsolidated assets of friendly societies were $7.7b, an increase of $0.3b (3.9%) on the March quarter 2019 figure of $7.4b.

Friendly societies
Graph: This graph shows the percentage growth of friendly societies' assets.



Common funds

Some aggregate statistics for common funds that are usually released in this publication have been suppressed to protect the confidentiality of data providers.




Cash management trusts

At 30 June 2019, total unconsolidated assets of cash management trusts were $39.3b, a decrease of $0.8b (2.1%) on the March quarter 2019 figure of $40.2b.

Decreases were recorded in short term securities, $1.4b (5.5%). These were partially offset by increases in deposits, $0.6b (6.3%); bonds, etc., $0.3b (10.5%). Other financial assets, non-financial assets, loans and placements and derivatives were flat.

Cross investment within cash management trusts was $1.0b, a decrease of $0.3b (22.1%) compared to the March quarter 2019.

Cash management trusts
Graph: This graph shows the percentage growth of cash management trusts' assets.



RESIDENT INVESTMENT MANAGERS

Source of funds under management

At 30 June 2019, total funds under management were $2,272.0b, an increase of $59.3b (2.7%) on the March quarter 2019 figure of $2,212.6b.

Funds under management on behalf of superannuation funds increased $52.9b (4.4%), life insurance corporations increased $1.6b (1.1%), public offer (retail) unit trusts increased $1.3b (1.0%). Cash management trusts decreased $0.5b (2.2%).

At 30 June 2019, the value of funds under management on behalf of sources other than managed funds was $566.9b, an increase of $3.7b (0.7%) on the March quarter 2019 figure of $563.1b.

Increases were recorded in funds under management on behalf of wholesale financial trusts, $2.6b (1.2%); non-government trading corporations, $2.6b (6.3%); other investment managers, $0.6b (5.0%); government compensation schemes, $0.5b (1.8%); general insurance, $0.4b (1.0%). These were partially offset by decreases in national government, $2.3b (2.0%); state and local government, $0.7b (1.5%). Other sources and charities were flat.

The value of funds under management on behalf of overseas sources at 30 June 2019 was $126.2b, an increase of $0.3b (0.2%) on the March quarter 2019 figure of $125.9b.

Assets of Managed Funds - June Quarter 2019

Assets invested through investment managers
Assets invested directly
Unconsolidated assets of managed funds
$m
$m
$m

June Quarter 2019
Life insurance corporations
146 629
np
np
Superannuation (pension) funds
1 266 921
1 621 324
2 888 244
Public offer (retail) unit trusts
139 035
241 929
380 964
Friendly societies
np
np
7 721
Common funds
np
8 452
np
Cash management trusts
22 430
16 886
39 316
Total
1 578 869
1 951 992
3 530 861

np not available for publication but included in totals where applicable, unless otherwise indicated