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Managed Funds, Australia

Statistics about money pooled for investment purposes in the managed funds industry

Reference period
September Quarter 2019
Released
12/12/2019

Key statistics

  • Funds under management increased $87.8b (2.3%) on the June quarter 2019. 
  • Consolidated assets increased $74.2b (2.5%) on the June quarter 2019. 
  • Unconsolidated assets increased $81.1b (2.8%) on the June quarter 2019. 
  • There were $566.6b of assets cross invested between institutions.

Main features

September key figures

  Jun Qtr 2019Sep Qtr 2019
  $m$m
Total managed funds industry
3 786 255
3 874 033
Consolidated assets total managed funds institutions
3 017 792
3 092 038
Cross invested assets between managed funds institutions
552 423
566 594
Unconsolidated assets total managed funds institutions
3 570 215
3 658 632
 Life insurance corporations
n.p.
n.p.
 Superannuation (pension) funds
2 914 726
2 995 804
 Public offer (retail) unit trusts
390 919
399 388
 All other managed funds institutions
n.p.
n.p.
n.p.: not available for publication but included in totals where applicable, unless otherwise indicated
 
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September key points

Total managed funds industry

  • At 30 September 2019, the managed funds industry had $3,874.0b funds under management, an increase of $87.8b (2.3%) on the June quarter 2019 figure of $3,786.3b.
  • The main valuation effects that occurred during the September quarter 2019 were as follows: the S&P/ASX 200 increased 1.1%; the price of foreign shares, as represented by the MSCI World Index excluding Australia, increased 0.1%; and the A$ depreciated 3.8% against the US$.

Consolidated assets of managed funds institutions

  • At 30 September 2019, the consolidated assets of managed funds institutions were $3,092.0b, an increase of $74.2b (2.5%) on the June quarter 2019 figure of $3,017.8b.
  • The asset types that increased were overseas assets, $30.4b (5.3%); units in trusts, $17.7b (2.1%); shares, $13.2b (2.5%); deposits, $6.3b (2.4%); land, buildings and equipment, $6.3b (2.1%); bonds, etc., $4.7b (4.2%); loans and placements, $1.6b (3.8%); derivatives, $1.3b (3.8%); other non-financial assets, $0.3b (0.8%). These were partially offset by decreases in short term securities, $7.2b (8.3%); other financial assets, $0.3b (0.1%).

Cross invested assets

  • At 30 September 2019, there were $566.6b of assets cross invested between managed funds institutions.

Unconsolidated assets

  • At 30 September 2019, the unconsolidated assets of superannuation (pension) funds increased $81.1b (2.8%), public offer (retail) unit trusts increased $8.5b (2.2%), cash management trusts increased $0.1b (0.3%) and friendly societies increased $0.1b (1.0%).

Revisions

  • Table 3 Life insurance corporations - revised back to the June quarter 2019.
  • Table 4 Superannuation (pension) funds - revised back to the December quarter 1999.
  • Table 5 Public offer (retail) unit trusts - revised back to the December quarter 2007.
  • Table 6 Friendly Societies - no revisions.
  • Table 7 Common funds - no revisions.
  • Table 8 Cash management trusts - the June quarter 2009 has been revised.
  • Table 9 Resident Investment Managers - revised back to the September quarter 2005.

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Analysis

Managed funds industry

At 30 September 2019, the managed funds industry had $3,874.0b funds under management, an increase of $87.8b (2.3%) on the June quarter 2019 figure of $3,786.3b. Increases were recorded in consolidated assets of managed funds institutions, $74.2b (2.5%); funds managed by Australian investment managers on behalf of Australian entities other than  managed funds institutions, $9.8b (1.5%); and funds managed by Australian investment managers on behalf of overseas investors, $4.2b (3.3%).

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

1. Diagram: September quarter 2019 managed funds

September quarter 2019 Managed Funds diagram

1. Diagram: September quarter 2019 managed funds

A flow chart image beginning with the source of funds. These are overseas investors (unintermediated), other resident investors, and resident managed funds institutions (consolidated assets).

Overseas investors (unintermediated)** total $130.1 billion. These funds do not include investments held by Australian nominees on behalf of overseas investors.

Other resident investors, totalling $664.8 billion, and resident managed funds institutions (consolidated assets) totalling $3,092.0 billion, are domestic sources.

Overseas investors (unintermediated), other resident investors, and $1,563.5 billion from the resident managed funds institutions (consolidated assets) combine to make $2,358.4.0 billion which is placed with resident investment managers. Of this $2,358.4.0 billion, $12.9 billion* are funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry.

The remaining $1528.5 billion from the resident managed funds institutions (consolidated assets) is placed with non-resident investment managers or directly invest into the markets.

Placement with resident investment managers and non-resident investment managers or directly invested into the markets are methods of investment.

The two methods of investment combine into $3,874.0 billion as the total managed funds industry.

* Indicates funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry.
** These funds do not include investments held by Australian nominees on behalf of overseas investors.

* Indicates funds invested by resident investment managers with other resident investment managers. These are deducted to derive the total managed funds industry.
** These funds do not include investments held by Australian nominees on behalf of overseas investors.

Managed funds institutions

Consolidated assets of managed funds institutions

At 30 September 2019, the consolidated assets of managed funds institutions were $3,092.0b, an increase of $74.2b (2.5%) on the June quarter 2019 figure of $3,017.8b.

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Consolidated assets by types of asset

The asset types that increased were overseas assets, $30.4b (5.3%); units in trusts, $17.7b (2.1%); shares, $13.2b (2.5%); deposits, $6.3b (2.4%); land, buildings and equipment, $6.3b (2.1%); bonds, etc., $4.7b (4.2%); loans and placements, $1.6b (3.8%); derivatives, $1.3b (3.8%); and other non-financial assets, $0.3b (0.8%). These were partially offset by decreases in short term securities, $7.2b (8.3%); and other financial assets, $0.3b (0.1%). 

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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 loans and placements, $1.4b (25.6%); bonds, etc., $0.9b (3.7%); other financial assets, $0.8b (13.3%); deposits, $0.3b (5.3%); assets overseas, $0.1b (0.4%). Decreases were recorded in short term securities, $1.5b (42.1%); other non-financial assets, $0.3b (11.8%).

Superannuation (pension) funds

At 30 September 2019, total unconsolidated assets of superannuation funds were $2,995.8b, an increase of $81.1b (2.8%) on the June quarter 2019 figure of $2,914.7b.

Increases were recorded in assets overseas, $29.0b (5.9%); units in trusts, $28.2b (2.7%); shares, $15.6b (3.3%); deposits, $6.1b (2.6%); land, buildings and equipment, $4.6b (2.8%); bonds, etc., $2.8b (3.9%); derivatives, $0.5b (1.8%); other non-financial assets, $0.5b (1.8%). These were partially offset by a decrease in short term securities, $5.1b (9.3%). Loans and placements were flat.

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Public offer (retail) unit trusts

At 30 September 2019, total unconsolidated assets of public offer (retail) unit trusts were $399.4b, an increase of $8.5b (2.2%) on the June quarter 2019 figure of $390.9b.

Increases were recorded in units in trusts, $3.6b (4.0%); shares, $1.9b (5.1%); land, buildings and equipment, $1.7b (1.2%); assets overseas, $1.4b (2.5%); bonds, etc., $0.7b (6.5%); derivatives, $0.6b (14.8%); loans and placements, $0.4b (1.2%); short term securities, $0.1b (3.1%); and other non-financial assets, $0.1b (2.1%). These were partially offset by decreases in other financial assets, $1.5b (20.9%); and deposits, $0.4b (5.7%). 

Cross investment within public offer (retail) unit trusts was $36.1b, an increase of $1.4b (4.0%) compared to the June quarter 2019.

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Friendly societies

At 30 September 2019, total unconsolidated assets of friendly societies were $7.8b, an increase of $0.1b (1.0%) on the June quarter 2019 figure of $7.7b.

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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 September 2019, total unconsolidated assets of cash management trusts were $39.4b, an increase of $0.1b (0.3%) on the June quarter 2019 figure of $39.3b.

Increases were recorded in bonds, etc., $0.3b (8.7%) and deposits, $0.3b (2.7%). These were partially offset by a decrease in short term securities, $0.8b (3.1%). Derivatives, loans and placements, non-financial assets, other financial assets were flat.

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Resident investment managers

Source of funds under management

At 30 September 2019, total funds under management were $2,358.4b, an increase of $37.5b (1.6%) on the June quarter 2019 figure of $2,320.9b.

Funds under management on behalf of superannuation funds increased $26.0b (2.1%), cash management trusts increased $0.8b (4.9%), life insurance corporations increased $0.2b (0.2%), Public offer (retail) unit trusts decreased $3.6b (2.8%).

At 30 September 2019, the value of funds under management on behalf of sources other than managed funds was $664.8b, an increase of $9.8b (1.5%) on the June quarter 2019 figure of $655.1b.

Increases were recorded in funds under management on behalf of wholesale financial trusts, $5.4b (1.7%); national government, $4.0b (3.5%); other investment managers, $0.4b (3.4%); government compensation schemes, $0.2b (0.6%); charities, $0.1b (8.3%). These were partially offset by decreases in state and local government, $1.3b (2.5%); general insurance, $0.4b (1.0%).

The value of funds under management on behalf of overseas sources at 30 September 2019 was $130.1b, an increase of $4.2b (3.3%) on the June quarter 2019 figure of $125.9b.

Assets of managed funds - September quarter 2019

  Assets invested through investment managersAssets invested directlyUnconsolidated assets of managed funds
  $m$m$m
September Quarter 2019   
 Life insurance corporations
126 418
np
np
 Superannuation (pension) funds
1 293 290
1 702 514
2 995 804
 Public offer (retail) unit trusts
123 541
275 847
399 388
 Friendly societies
np
np
7 801
 Common funds
np
9 378
np
 Cash management trusts
17 112
22 330
39 442
 Total
1 563 500
2 095 133
3 658 632
np not available for publication but included in totals where applicable, unless otherwise indicated
 

Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.

Data downloads

Table 1. Summary managed funds industry, consolidated assets, total funds under management at end of period

Table 2. Summary managed funds institutions, assets at end of period

Table 3. Life insurance offices, unconsolidated assets, amounts outstanding at end of period

Table 4. Superannuation funds, unconsolidated assets, amounts outstanding at end of period

Table 5. Public unit trusts, unconsolidated assets, amounts outstanding at end of period

Table 6. Friendly societies, unconsolidated assets, amounts outstanding at end of period

Table 7. Common funds, unconsolidated assets, amounts outstanding at end of period

Table 8. Cash management trusts, unconsolidated assets, amounts outstanding at end of period

Table 9. Investment managers, source of funds, unconsolidated assets, amounts outstanding at end of period