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%.