5655.0 - Managed Funds, Australia, Jun 2009
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/08/2009
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ANALYSIS By type of asset The major asset movements for the quarter were equities and units in trusts, up by $33.3b (9%); cash and deposits, up by $8.6b (5%); short term securities, up by $3.3b (4%); and other assets, up $4.2b (8%). Long term securities, loans and placements, and assets overseas all experienced small increases of $0.9b (1%), $0.8b (2%), $0.6b (0.3%) respectively. Land and buildings experienced a decrease of $2.4b (2%). Cross investment The table below presents the unconsolidated, cross-invested and consolidated assets of managed funds by type of fund as at 30 June 2009.
UNCONSOLIDATED ASSETS Life insurance offices At 30 June 2009, the total unconsolidated assets of life offices were $205.8b, an increase of $6.2b (3%) on the revised March quarter 2009 figure of $199.6b. The major increase was in equities and units in trusts, up $7.6b (6%). This was partially offset by a decrease in long term securities, down $2.2b (9%). Superannuation funds The total unconsolidated assets of superannuation funds held outside life offices was $891.5b at 30 June 2009, an increase of $57.6b (7%) on the revised March quarter 2009 figure of $833.8b. Major increases were recorded for equities and units in trusts, up $34.6b (10%); cash and deposits, up $9.2b (6%); short term securities, up $3.5b (9%); assets overseas, up $3.2b (2%); and long term securities, up $2.8b (6%). Public unit trusts As at 30 June 2009, total unconsolidated assets for public unit trusts was $276.4b, an increase of $0.7b (0.3%) on the revised March quarter 2009 figure of $275.7b. This was due to increases in equities and units in trusts, up $3.5b (5%), cash and deposits, up $1.2b (15%) and other financial assets, up $2.3b (31%). These were offset by decreases in land and buildings, down $4.6b (5%), and in assets overseas, down $2.6b (5%). Friendly societies At 30 June 2009, total unconsolidated assets of friendly societies were $6.5b, up $0.2b (3%) on the March quarter 2009 figure of $6.3b. Minor increases were experienced across most asset types with the main increase in equities and units in trusts, up $0.1b (3%). Common funds At 30 June 2009, the total unconsolidated assets of common funds were $7.7b, down $0.2b (2%) on the March quarter 2009 figure of $7.8b. The main decrease was in cash and deposits, down $0.2b (12%). This was partially offset by an increase in loans and placements, up $0.1m (6%). Cash management trusts At 30 June 2009, the total unconsolidated assets of cash management trusts were $43.8b, down $1.5b (3%) on the March quarter 2009 figure of $45.3b. The major decreases were in cash and deposits, down $0.8b (12%), and short term securities, down $0.7b (2%) which was driven primarily by a decrease in bills of exchange, down $1.5b (16%). INVESTMENT MANAGERS Source of funds under management During the June quarter 2009 there was an increase in total funds under management by investment managers of $49.9b (5%) on the revised March quarter 2009 figure, bringing the total funds under management to $1,013.6b. The value of funds under management on behalf of superannuation funds increased by $26.5b (7%); public unit trusts increased by $3.8b (4%); and life insurance offices increased by $1.0b (1%). During the quarter, the value of funds under management on behalf of sources other than managed funds was $280.2b, an increase of $16.7b (6%) on the revised March quarter 2009 figure of $263.5b. The largest increases were in funds under management on behalf of government, up $13.6b (17%); other sources, up $5.2b (18%); and other trusts, up $1.8b (2%). The value of funds under management on behalf of overseas sources was $42.4b, an increase of $2.5b (6%) on the revised March quarter 2009 figure. Document Selection These documents will be presented in a new window.
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