5655.0 - Managed Funds, Australia, Mar 2018
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/06/2018
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ANALYSIS MANAGED FUNDS INSTITUTIONS Consolidated assets of managed funds institutions At 31 March 2018, the consolidated assets of managed funds institutions were $2,761.6b, an increase of $8.5b (0.3%) on the December quarter 2017 figure of $2,753.1b. Consolidated assets by types of asset The asset types that increased were overseas assets, $21.2b (4.7%); derivatives, $3.3b (11.5%); land, buildings and equipment, $2.5b (0.8%); bonds, etc., $1.5b (1.7%); and other non-financial assets, $0.8b (7.4%). These were partially offset by decreases in shares, $18.4b (3.6%); deposits, $1.7b (0.6%); units in trusts, $0.6b (0.1%); loans and placements, $0.2b (0.4%); and short term securities, $0.1b (0.1%). Other financial assets were flat. UNCONSOLIDATED ASSETS Life insurance corporations At 31 March 2018, total unconsolidated assets of life insurance corporations were $238.6b, a decrease of $3.1b (1.3%) on the December quarter 2017 figure of $241.7b. Decreases were recorded in shares, $2.2b (9.1%); deposits, $1.5b (19.7%); units in trusts, $0.7b (0.5%); short term securities, $0.1b (2.0%). These were partially offset by increases in other non-financial assets, $0.5b (10.9%); other financial assets, $0.3b (5.2%); derivatives, $0.3b (47.7%); bonds, etc., $0.2b (1.1%); assets overseas, $0.1b (0.9%). Loans and placements and land, buildings and equipment were flat. Net policy liabilities were $183.8b, a decrease of $2.9b (1.5%) compared to the December quarter 2017. Superannuation (pension) funds At 31 March 2018, total unconsolidated assets of superannuation funds were $2,663.5b, an increase of $6.1b (0.2%) on the December quarter 2017 figure of $2,657.4b. Increases were recorded in assets overseas, $21.0b (5.4%); derivatives, $3.3b (12.4%); land, buildings and equipment, $1.8b (1.1%); bonds, etc., $1.3b (2.6%); deposits, $0.7b (0.3%); and other non-financial assets, $0.1b (7.2%). These were partially offset by decreases in shares, $15.2b (3.4%); units in trusts, $2.9b (0.3%); net equity of pension funds in life office reserves, $2.8b (2.1%); short term securities, $1.2b (2.2%); other financial assets, $0.1b (0.1%). Loans and placements were flat. Public offer (retail) unit trusts At 31 March 2018, total unconsolidated assets of public offer (retail) unit trusts were $361.7b, a decrease of $2.1b (0.6%) on the December quarter 2017 figure of $363.8b. Decreases were recorded in shares, $1.7b (4.5%); units in trusts, $0.5b (0.6%); deposits, $0.4b (4.4%); other financial assets, $0.3b (5.3%); loans and placements, $0.2b (0.6%); derivatives, $0.2b (10.6%); and short term securities, $0.1b (2.1%). These were partially offset by increases in land, buildings and equipment, $0.7b (0.5%); bonds, etc., $0.2b (2.3%); other non-financial assets, $0.2b (4.2%); and assets overseas, $0.1b (0.2%). Cross investment within public offer (retail) unit trusts was $33.0b, a decrease of $0.2b (0.6%) compared to the December quarter 2017. Friendly societies At 31 March 2018, total unconsolidated assets of friendly societies were $7.2b, a decrease of $0.1b (1.1%) on the December quarter 2017 figure of $7.3b. Common funds At 31 March 2018, total unconsolidated assets of common funds were $10.6b, a decrease of $0.2b (1.6%) on the December quarter 2017 figure of $10.8b. Cash management trusts At 31 March 2018, total unconsolidated assets of cash management trusts were $36.0b, an increase of $0.3b (1.0%) on the December quarter 2017 figure of $35.7b. Increases were recorded in short term securities, $1.2b (5.5%). These were partially offset by decreases in bonds, etc., $0.4b (10.2%); deposits, $0.3b (2.9%); and equities, $0.2b (30.5%). Other financial assets, derivatives, non-financial assets and loans and placements were flat. Cross investment within cash management trusts was $0.5b, a decrease of $0.2b (24.1%) compared to the December quarter 2017. RESIDENT INVESTMENT MANAGERS Source of funds under management At 31 March 2018, total funds under management were $2,098.3b, an increase of $16.5b (0.8%) on the December quarter 2017 figure of $2,081.8b. Funds under management on behalf of superannuation funds increased $10.2b (0.9%) and cash management trusts increased $0.3b (1.7%). Public offer (retail) unit trusts decreased $0.6b (0.4%). Life insurance corporations were flat. At 31 March 2018, the value of funds under management on behalf of sources other than managed funds was $541.4b, an increase of $4.2b (0.8%) on the December quarter 2017 figure of $537.2b. Increases were recorded in funds under management of behalf of national government, $5.9b (6.2%); other sources, $0.7b (1.5%); government compensation schemes, $0.4b (1.5%); and other investment managers, $0.1b (0.5%). These were partially offset by decreases in state and local government, $1.5b (3.0%); non-government trading corporations, $1.2b (3.1%); and wholesale financial trusts, $0.1b (0.1%). General insurance and charities were flat. The value of funds under management on behalf of overseas sources at 31 March 2018 was $121.5b, an increase of $2.3b (1.9%) on the December quarter 2017 figure of $119.3b.
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