The Australian Bureau of Statistics has released its updated figures on managed funds in Australia, finding the industry has $1782.1 billion in funds under management, an increase of $4.6 billion on the September quarter figure of $1,777.5 billion. The growth was driven by an increase of $9.1 billion in consolidated assets of managed funds institutions.

 

“The main valuation effects that occurred during the December quarter 2011 were as follows: the S&P/ASX 200 increased 1.2%, the price of foreign shares (represented by the MSCI World Index) increased 7.1% and the A$ appreciated 3.8% against the US$,” The ABS report found.

 

“As at 31 December 2011 the unconsolidated assets of superannuation (pension) funds increased by $15.9b (1%); public offer (retail) trusts decreased by $9.1b (3%); life insurance corporations decreased by $0.4b (0%); cash management trusts increased by $0.4b (2%); common funds decreased by $0.1b (1%) and friendly societies remained virtually the same.”

 

The figures can be found here