ABS Update: Managed funds increase in March 2019

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The ABS has released key figures for managed funds in the March quarter 2019.

The total managed funds industry were recorded as $3,590.4 billion under management in the March quarter 2019. This has increased by $175.4 billion (5.1%) from $3,415.1 billion in the December quarter 2018. In the March quarter, the main valuation effects that occurred were:

  • The S&P/ASX 200 increased 9.5%
  • The price of foreign shares increased 11.9%
  • The Australian dollar appreciated 0.4% against the US dollar.

The consolidated assets of managed funds institutions were recorded as $2,920.3 billion in the March quarter 2019, an increase of $140.9 billion (5.1%) from $2,779.4 billion in the December quarter 2018. The asset types that increased include shares by 9.0%, units in trusts by 5.3%, and overseas assets by 7.7%. The only decrease was in other non-financial assets by 1.7%.

The unconsolidated assets increased to $3,487.8 billion in the March quarter 2019, from $3,317.2 billion in the December quarter 2018. The increases include superannuation (pension) funds by 5.6%, life insurance corporations by 4.0%, cash management trusts by 6.0% and common funds by 3.1%.

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