Sent: 03-12-2009 09:30:03
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Managed Fund Data
This Special Edition of our free weekly email looks at the Australian Bureau of Statistics data for Managed Funds.
This ABS data covers a wide range of super funds, managed funds, CMTs and so on.
The first graph shows total assets in all the various "managed funds" as defined by the ABS since March 2007. The point of this graph is to show how net assets since not long before the GFC first made itself apparent in August 2007. The data has been rebased to March '07.
It shows that the net asset position of most managed funds appears to be stabilising. Super funds are once again showing good growth (what would the situation be without compulsory superannuation?).
Public Unit Trusts still have less money than they did in March '07.
The second graph shows total net assets in managed funds compared to total at call deposits and term deposits in Australian regulated banks (which we'll call "banking deposits").
The data for banks is provided by APRA and it is yet to release new data for the June or September '09 quarters.
This graph (with data rebased to March 2007) runs from 2004 until today. It shows that during the last bull market managed funds and banking deposits tracked each other reasonably closely.
However once the crash occurred money flooded into the banks as can be seen from the clear divergence of the lines.
The next set of banking data will be fascinating. If one takes the CMT data in the first graph as a guide then one could expect to see banking deposits begin to fall as investors begin to place money in the broader financial markets.
The final graph shows the asset allocation of managed funds as a whole.
It clearly shows that cash is still king. Equities have only just begun to turn the corner.
Overall it would appear that some confidence is beginning to appear in the market. But it would appear to be turning around quite slowly.
Finally please consider purchasing a copy of my book. You can look at the contents page at the following link: http://www.atcbiz.com.au/r.php?r=0mjd6ne
Two options are available - once only subscription - $55 inc GST - or an annual subscription will gives you access to all the updates made throughout the year ($120 inc GST).
The book can be purchased at the following link: http://www.atcbiz.com.au/r.php?r=5a4agqb
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