MARCH KEY FIGURES
Dec Qtr 2016
Mar Qtr 2017
|Total managed funds industry |
2 843 310
2 872 331
|Consolidated assets total managed funds institutions |
2 239 889
2 276 166
|Cross invested assets between managed funds institutions |
|Unconsolidated assets total managed funds institutions |
2 740 686
2 790 570
|Life insurance corporations |
|Superannuation (pension) funds |
2 143 104
2 195 624
|Public offer (retail) unit trusts |
|All other managed funds institutions |
MARCH KEY POINTS
TOTAL MANAGED FUNDS INDUSTRY
by type of institution
CONSOLIDATED ASSETS OF MANAGED FUNDS INSTITUTIONS
- At 31 March 2017, the managed funds industry had $2,872.3b funds under management, an increase of $29.0b (1%) on the December quarter 2016 figure of $2,843.3b.
- The main valuation effects that occurred during the March quarter 2017 were as follows: the S&P/ASX 200 increased 3.5%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 5.7%; and the A$ appreciated 5.6% against the US$.
CROSS INVESTED ASSETS
- At 31 March 2017, the consolidated assets of managed funds institutions were $2,276.2b, an increase of $36.3b (2%) on the December quarter 2016 figure of $2,239.9b.
- The asset types that increased were shares, $19.7b (3%); overseas assets, $9.6b (2%); deposits, $3.8b (1%); short term securities, $2.9b (2%); other financial assets, $2.6b (8%); units in trusts, $2.5b (2%); and land, buildings and equipment, $1.1b (0%). These were partially offset by decreases in bonds, etc., $5.5b (4%); other non-financial assets, $0.2b (2%); and derivatives, $0.2b (5%). Loans and placements were flat.
- At 31 March 2017, there were $514.4b of assets cross invested between managed funds institutions.
- At 31 March 2017, the unconsolidated assets of superannuation (pension) funds increased $52.5b (2%), common funds increased $0.3b (3%) and public offer (retail) unit trusts increased $0.2b (0%). Life insurance corporations decreased $2.0b (1%) and cash management trusts decreased $1.1b (3%). Friendly societies were flat.
|ISSUE (QUARTER) ||Release Date|
|June 2017 ||7 September 2017|
|September 2017 ||30 November 2017|
|December 2017 ||8 March 2018|
|March 2018 ||7 June 2018|
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 December quarter 2016.
- Table 4 Superannuation (pension) funds - revised back to the March quarter 2015.
- Table 5 Public offer (retail) unit trusts - revised back to the December quarter 2016.
- Table 6 Friendly Societies - no revisions.
- Table 7 Common funds - no revisions.
- Table 8 Cash management trusts - no revisions.
- Table 9 Resident Investment Managers - revised back to the March quarter 2015.
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.