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DECEMBER KEY FIGURES

	Dec Qtr 2007	Sep Qtr 2008	Dec Qtr 2008
CONSOLIDATED ASSETS	$m	$m	$m
Superannuation funds	826 586	778 828	717 568
Public unit trusts	302 210	268 690	255 420
Life insurance offices(a)	205 279	179 913	164 862
All other managed funds	61 569	60 729	59 335
Total	1 395 643	1 288 159	1 197 185
(a) Investments by superannuation funds which are held and administered by life insurance offices are included under life insurance offices.
Note: See note on consolidation in Explanatory Notes, paragraph 11.

Consolidated Assets, Type of institution

Type of asset

• At 31 December 2008, total consolidated assets of managed funds institutions was $1,197.2b, a decrease of $91.0b (7%) on the revised September quarter 2008 figure of $1,288.2b.
• Consolidated assets of superannuation funds decreased by $61.3b (8%); life insurance offices decreased by $15.1b (8%); public unit trusts decreased by $13.3b (5%); cash management trusts decreased by $1.1b (2%); and common funds decreased by $0.3b (2%). Consolidated assets of friendly societies remained virtually the same.
• Investment in equities and units in trusts decreased by $67.2b (14%); assets overseas decreased by $29.2b (12%), short term securities decreased by $10.2b (10%) and long term securities decreased by $3.5b (4%). These falls were partially offset by increases in cash and deposits, up $15.1b (10%) and other assets, up $4.7b (9%).
• These movements are primarily the result of valuation changes. During the December quarter 2008, the S&P/ASX 200 fell 19.1%, the price of US shares (represented by the S&P 500) fell 22.6% and the A$ depreciated against the US$ by 13.4%.
• At 31 December 2008, investment managers had $1,006.0b in funds under management, down $128.7b (11%) on the revised September quarter 2008 figure of $1,134.7b. They managed $682.9b (57%) of the consolidated assets of managed funds institutions.