ASX Funds (Listed Managed Investments and ETPs) Monthly Update - December 2009

Transcription

1 Funds (Listed Managed Investments and ETPs) Listed Managed Update - Investments December 212 (LMI) Update - December 29 Month: Dec-12 Trading days: 19 Period ending: Monday, 31 December 212 LMI & ETP Market Capitalisation, $billions S&P/ 2 and LIC Composite Index Market Cap, $Billions Aug- Feb-1 Aug-1 Feb-2 Aug-2 Feb-3 Aug-3 Feb-4 Aug-4 Feb-5 Aug-5 Feb-6 Aug-6 Feb-7 Aug-7 Feb-8 Aug-8 Feb-9 Aug-9 Feb-1 Aug-1 Feb-11 Aug-11 Feb-12 Aug-12 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 S&P/ 2 S&P/ LIC composite 12 Month Rolling Average Trades, LMI & ETPs S&P/ 2 A-REIT and Infrastructure Index Number of Trades Thousands 1,4 1,2 1, S&P/ 2 A-REIT S&P/ Infrastructure Aug- Feb-1 Aug-1 Feb-2 Aug-2 Feb-3 Aug-3 Feb-4 Aug-4 Feb-5 Aug-5 Feb-6 Aug-6 Feb-7 Aug-7 Feb-8 Aug-8 Feb-9 Aug-9 Feb-1 Aug-1 Feb-11 Aug-11 Feb-12 Aug-12 5 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 Snapshot by Category LMI Segment Trades No. Market Cap Total (#) Trades per day (#) Volume (#) Value A-REITs 47 $ 88,627,94,296 97,74 51,57 2,531,396,788 $ 6,511,829,951 Listed Investment Cos & Trusts (LICs & LITs) 53 $ 18,514,912,171 18, ,127,394 $ 131,18,775 Infrastructure Funds 18 $ 4,984,73, ,89 26,99 74,993,569 $ 2,7,76,233 ETPs 9 $ 6,495,515,863 2,791 1,94 16,22,483 $ 525,336,268 Absolute Funds 11 $ 374,179, ,27,885 $ 7,443,71 TOTAL 219 $ 154,996,432,434 1,55,886 79,257 3,353,766,119 $ 9,246,55,928 Recent Listings Entity Type Listing Date Last Share Price 36 Capital Industrial Fund TIX AREIT 13-Dec-212 $.41 Australian Masters Yield Fund No 1 Limited AYD LIC 29-Nov-212 $11.7 Australian Masters Yield Fund No 2 Limited AYH LIC 29-Nov-212 n/a Shopping Centres Australasia Property Group SCP AREIT 26-Nov-212 $1.5 Betashares Aus Top2 Equity Yield Max Fund (M Fund) YMAX ETP 26-Nov-212 $1.54 Vanguard Australian Fixed Interest Index Etf VAF ETP 31-Oct-212 $5.14 UBS Iq Research Preferred Australian Share Fund ETF ETP 18-Oct-212 $2.32 Emerging Markets Masters Fund EMF LIC 11-Oct-212 $1.6 SPDR S&P/ Australian Bond Fund BOND ETP 27-Jul-212 $24.77 SPDR S&P/ Australian Government Bond Fund GOVT ETP 27-Jul-212 $24.57 Us Masters Residential Property Fund URF AREIT 23-Jul-212 $1.75 Betashares Australian Equities Bear Hedge Fund BEAR ETP 9-Jul-212 $21.37 ETFS Agriculture (Collateralised Structured Product) ETPAGR ETP $8.6 ETFS All Commodities (Collateralised Structured Product) ETPCMD ETP $13.95 ETFS Copper (Collateralised Structured Product) ETPCOP ETP $35.14

2 Funds (Listed Managed Investments and ETPs) Listed Managed Update - Investments December 212 (LMI) Update December 29 Market Capitalisation Trends Performance and Trading Breakdown by LMI Category Billions ($) A-REITs Last 12 months Dec-1 Dec-11 % change Dec-12 % change Market Cap ($b) % % Number listed (actual) % % 12 month avg trades 536,39 698, % 83, % 12 month avg value ($b) % % more info Billions ($) Listed Investment Companies & Trusts Last 12 months Dec-1 Dec-11 % change Dec-12 % change Market Cap ($b) % % Number listed (actual) % 53.% 12 month avg trades 38,981 23,25-4.9% 17, % 12 month avg value ($b) % % more info Billions ($) Infrastructure Funds Last 12 months Dec-1 Dec-11 % change Dec-12 % change Market Cap ($b) % % Number listed (actual) % % 12 month avg trades 356,247 44, % 461, % 12 month avg value ($b) % % more info Millions ($) 2, 1,5 1, 5 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 Absolute Funds Last 12 months Dec-1 Dec-11 % change Dec-12 % change Market Cap ($m) % % Number listed (actual) % 11 1.% 12 month avg trades % 1, % 12 month avg value ($m) % % more info Millions ($) 6,5 5,5 4,5 3,5 2,5 1,5 5-5 Aug-4 Feb-5 Aug-5 Feb-6 Aug-6 Feb-7 Aug-7 Feb-8 Aug-8 Feb-9 Aug-9 Feb-1 Aug-1 Feb-11 Aug-11 Feb-12 Aug-12 ETPs Last 12 months Dec-1 Dec-11 % change Dec-12 % change Market Cap ($m) 4,478 4,96 9.6% 6, % Number listed (actual) % % 12 month avg trades 18,997 2, % 19,391-6.% 12 month avg value ($m) % % more info LMI & ETP Liquidity Last 12 months A-REITs 87.54% TOTAL LMIs & ETPs Dec-1 Dec-11 % change Dec-12 % change Listed Investment Companies 8.3% Market Cap ($b) % % Infrastructure Funds 73.64% Number listed (actual) % % Exchange Traded Products 97.91% 12 month avg trades 95,98 1,146,78 2.6% 1,32, % Absolute Funds 25.72% 12 month avg value ($b) % % more info

3 Spotlight on Listed Investment & Absolute Funds December Listed Managed 212 Investments (LMI) Update - December 29 Month: Dec-12 Trading days: 19 Period ending: Monday, 31 December 212 PRODUCT SUMMARY Asset Spread of LICs & ARFs, December 212 FUM (A$).26% 2% 2% 1% 7% Australian Shares Multi Fund Manager 88% International Shares Private Equity Specialist Shares Absolute Number LIC Listed LIC Market Growth 35, 3, 25, 2, 15, 1, 5, Jan-7 Jul-7 Market Capitalisation, millions Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 Top 5 LICs by Value Traded, December 212 $m Value Traded by Asset, December 212 $m $7.47 $8.61 $7.42 $26.95 AFI - Australian Foundation Investment Company Limited ARG - Argo Investments Limited DJW - Djerriwarrh Investments Limited AGF - Amp Capital China Growth Fund 1.2% 2.4% 5.%.1% 19.5% Australian Shares Multi Fund Manager International Shares Private Equity $19.77 MFF - Magellan Flagship Fund Limited 71.9% Specialist Shares Absolute 43.9% 43.3% LICs & ARFs Premium / Discount to NTA as at 31 December % 2.%.% -2.% -4.%.%.%.%.% 21.1% 2.% 16.7% 9.6% 7.9% 7.1% 7.% 5.9% 5.7% 5.% 4.5% 3.7% 3.4% 2.5% 2.2% 2.2% 1.%.7% -.2% -.4% -.5% -.9% -1.% -1.2% -1.8% -1.9% -2.3% -2.8% -3.2% -4.4% -4.7% -5.3% -6.1% -6.6% -7.8% -9.1% -1.7% -11.3% -12.8% -14.1% -14.2% -14.5% -15.6% -16.3% -18.3% -18.3% -18.9% -21.7% -23.1% -23.6% -24.7% -25.% -25.3% -25.8% -27.6% -32.% -34.6% n/a n/a -6.% -8.% Australian Masters Yield Fund No 1 Limited Australian Masters Yield Fund No 2 Limited Emerging Markets Masters Fund Us Select Private Opportunities Fund Clime Investment Management Ltd Macquarie Winton Global Opportunities Trust Djerriwarrh Investments Limited Mercantile Investment Company Ltd Trojan Equity Limited Mirrabooka Investments Limited Asian Masters Fund Limited Australian Governance Masters Index Fund Limited Australian Masters Corporate Bond Fund No 4 Limited Australian Foundation Investment Company Limited WAM Active Limited Australian Leaders Fund Limited Aberdeen Leaders Limited WAM Capital Limited Global Resource Masters Fund Limited Cadence Capital Limited Argo Investments Limited Aurora Sandringham Dividend Income Trust Credit Suisse GP1 - Australia Trust Australian Masters Corporate Bond Fund No 5 Limited Milton Corporation Limited Aurora Property Buy-Write Income Trust Magellan Flagship Fund Limited Aurora Absolute Fund Aurora Global Income Trust Van Eyk Blueprint Alternatives Plus BKI Investment Company Limited AMCIL Limited Australian Enhanced Income Fund Clime Capital Limited WAM Research Limited Australian United Investment Company Limited Diversified United Investment Limited Century Australia Investments Limited Platinum Capital Limited Premium Investors Limited Ironbark Capital Limited Whitefield Limited Flagship Investments Limited Amp Capital China Growth Fund Hunter Hall Global Value Limited Templeton Global Growth Fund Limited Contango Microcap Limited Carlton Investments Limited Continuation Investments Limited Westoz Investment Company Limited Emerging Leaders Investments Limited Armidale Investment Corporation Limited ING Private Equity Access Limited Ozgrowth Limited Hastings High Yield Fund Peters MacGregor Investments Limited LinQ Resources Fund Alternative Investment Trust Katana Capital Limited Global Masters Fund Limited Signature Capital Investments Limited Merricks Capital Special Opportunity Fund Limited -61.5% Bentley Capital Limited Orion Equities Limited

4 Spotlight on Listed Investment & Absolute Funds December 212 LIC & ARF Profiles Australian Shares Type* Fund Name MER (% p.a) Outperf Fee ($m) Traded Value ($) Traded Volume Number of Trades Liquidity % Prem/Disc % NTA Distribution Yield AFI Shares Australian Foundation Investment Company Limited.18 No ,954,13 5,467,573 3,738.1% 5.9% % 6.11% 24.75% -3.8% % ALF Shares Australian Leaders Fund Limited 1. Yes ,212,882 1,647, % 5.% % 8.27% 31.58% 23.72% 24.81% ALR Shares Aberdeen Leaders Limited 1.5 Yes ,518,311 1,397, % 4.5% % 9.43% 11.54% -18.2% % AMH Shares AMCIL Limited.88 No ,42,71 2,592, % -1.9% % 3.92% 24.22% 16.6% -.63% AOD Shares Aurora Sandringham Dividend Income Trust 1.33 Yes ,12,669 1,168, % 2.2% % 4.4% 4.97% -9.95% % AQF Shares Australian Governance Masters Index Fund Limited.49 No , , % 7.1% % 3.12% 9.27% n/a n/a ARG Shares Argo Investments Limited.18 No ,767,849 3,261,168 1,928.8% 2.2% % 6.3% 2.83% -9.69% % AUI Units Australian United Investment Company Limited.15 No ,135,43 176, % -4.4% % 5.28% 2.73% -11.8% % AUP Shares Aurora Property Buy-Write Income Trust 2.2 Yes ,76 16, % -.4% %.94% 1.6% 7.2% -4.44% BEL Shares Bentley Capital Limited n/a Yes ,573 35, % -34.6% % 6.25% 14.45% -6.15% % BKI Shares BKI Investment Company Limited.19 No ,178,12 3,96, % -1.8% % 8.27% 19.57% 8.37% -.85% CAM Shares Clime Capital Limited n/a n/a ,25 439, % -2.8% % 6.% 25.66% 25.25% 4.6% CDM Shares Cadence Capital Limited 1. Yes ,467,914 1,25, % 2.5% % 2.84% 25.7% 1.1% 52.96% CIN Shares Carlton Investments Limited.13 No ,95 4, % -14.5% % 5.1% 28.76% 9.38% -2.96% CIW Shares Clime Investment Management Ltd n/a n/a , , % 43.9% % 24.21% 59.46% 42.87% % COT Shares Continuation Investments Limited n/a n/a ,353 29, % -15.6% % 28.81% % % % CSJ Units Credit Suisse GP1 - Australia Trust n/a Yes % 1.% %.% -.49% 4.12% n/a CTN Shares Contango Microcap Limited 1.25 Yes ,539,817 2,571,547 1, % -14.2% % 3.11% 11.8% -.5% % CYA Shares Century Australia Investments Limited 1.28 No ,559,253 2,225, % -5.3% % 7.46% 14.29% -1.85% % DJW Shares Djerriwarrh Investments Limited.36 No ,613,3 2,122,787 1,228.24% 21.1% % 2.51% 15.25% -1.53% -23.2% DUI Shares Diversified United Investment Limited.2 No ,365, , % -4.7% % 5.56% 23.91% -1.94% % ELI Shares Emerging Leaders Investments Limited 1. Yes ,443 34, % -18.3% % 5.56% -2.56% % -3.91% FSI Shares Flagship Investments Limited n/a Yes ,58 375, % -1.7% % 8.7% 4.17% % % IBC Shares Ironbark Capital Limited.65 Yes , , % -7.8% % -.93% 15.57% 14.34% % MEF Shares Merricks Capital Special Opportunity Fund Limited n/a n/a ,13 219, % -32.% % 8.75% -33.8% % % MIR Shares Mirrabooka Investments Limited.93 No ,21, , % 9.6% %.% 27.6% 2.37% -7.98% MLT Shares Milton Corporation Limited.17 No ,735, , % -.2% % 4.62% 21.93% -1.74% % MVT Shares Mercantile Investment Company Ltd n/a n/a ,59 3,9, % 2.% % 2.% 76.47% 98.85% n/a OEQ Shares Orion Equities Limited n/a n/a ,828 13, % -61.5% % 8.7% -3.85% % -8.92% OZG Shares Ozgrowth Limited 1. Yes ,916 5,326, % -21.7% % 9.9% 24.14% 2.86% n/a WAA Shares WAM Active Limited 2.7 Yes , , % 5.7% % 3.7% 1.89% 13.81% n/a WAM Shares WAM Capital Limited 1. Yes ,492,249 2,76, % 3.7% % 2.77% 17.51% 32.48% 2.12% WAX Shares WAM Research Limited 1.3 Yes ,266,338 1,46, % -3.2% % 5.81% 38.93% 22.8% -9.99% WHF Shares Whitefield Limited.35 No ,52, , % -9.1% % 4.75% 23.6% -7.76% % WIC Shares Westoz Investment Company Limited 1. Yes ,377,126 3,23, % -16.3% % 5.37% 25.58% -1.82% n/a Multi-Fund Manager PRV Shares Premium Investors Limited.9 Yes ,629,43 1,946, % -6.6% % 3.66% 25.% 18.88% % s 1 Month Price 1 Year Price 3 Year Price 5 Year Price

5 Spotlight on Listed Investment & Absolute Funds December 212 LIC & ARF Profiles Type* Fund Name MER (% p.a) Outperf Fee ($m) Traded Value ($) Traded Volume Number of Trades Liquidity % Prem/Disc % NTA s Distribution Yield International Shares AGF Shares Amp Capital China Growth Fund 1.65 Yes ,474,893 11,511, % -11.3% % 12.71% 5.56% % % AIB Shares Aurora Global Income Trust n/a n/a , , % -1.% %.% -.48% -6.36% -27.9% AUF Shares Asian Masters Fund Limited 1. Yes ,547 86, % 7.9% % 4.35% 9.9% -4.% % EMF Units Emerging Markets Masters Fund n/a Yes ,71 23, % n/a % 2.56% n/a n/a n/a GFL Shares Global Masters Fund Limited.85 No ,982 77, % -25.8% % 3.76% 7.81%.% % HHV Shares Hunter Hall Global Value Limited 1.5 Yes ,199,922 7,92, % -12.8% % 5.13% 21.48% -2.38% % MFF Shares Magellan Flagship Fund Limited 1.25 Yes ,415,995 7,725,558 2, % -.5% % 1.5% 37.86% 5.78% 22.93% PET Shares Peters MacGregor Investments Limited n/a n/a , , % -23.6% % -1.18% 2.% 29.23% % PMC Shares Platinum Capital Limited 1.5 Yes ,876,6 2,679,133 1, % -6.1% % 4.39% 14.44% -37.6% -35.8% TGG Shares Templeton Global Growth Fund Limited 1. No ,383,739 1,763, % -14.1% % 2.6% 2.61% -5.89% % USF Shares Us Select Private Opportunities Fund 2.33 No ,773 14, % n/a % -1.25% n/a n/a n/a Private Equity IPE Shares ING Private Equity Access Limited 1.5 Yes , , % -18.9% % 4.29% 2.82% 21.67% -54.5% Specialist Shares AKX Shares Australian Masters Corporate Bond Fund No 4 Limited.39 No % 7.% %.% % n/a n/a AKY Shares Australian Masters Corporate Bond Fund No 5 Limited.39 No ,95 1,223 6.%.7% %.96% -.23% n/a n/a AYD Shares Australian Masters Yield Fund No 1 Limited. Yes , % n/a % n/a n/a n/a n/a AYH Shares Australian Masters Yield Fund No 2 Limited. Yes % n/a n/a n/a n/a n/a n/a GRF Shares Global Resource Masters Fund Limited 1. No ,27, , % 3.4% %.67% -5.66% -8.54% n/a LRF Units LinQ Resources Fund 1.75 Yes ,96,997 2,837, % -24.7% % -1.44%.74% 8.73% % Absolute Funds AIQ Units Alternative Investment Trust.75 n/a ,943,618 8,8, % -25.% %.% 14.2% 34.95% % AIK Units Armidale Investment Corporation Limited n/a n/a , % -18.3% % -2.8% % 34.86% % ABW Units Aurora Absolute Fund n/a n/a ,67 318, % -.9% % -.93% -3.17% -12.3% -36.5% AYF Units Australian Enhanced Income Fund n/a n/a ,135 64, % -2.3% % 1.94% 1.45% 2.95% -34.% HHY Units Hastings High Yield Fund n/a n/a ,63,166 3,149, % -23.1% % -1.78% % % % KAT Shares Katana Capital Limited 1.25 Yes ,43 648, % -25.3% % -1.49% -2.94% -9.59% % MWG Units Macquarie Winton Global Opportunities Trust 1.99 Yes % 43.3% % -.36%.% 14.4% 36.27% SGI Shares Signature Capital Investments Limited n/a Yes , , % -27.6% %.% % 4.7% % TJN Shares Trojan Equity Limited n/a n/a % 16.7% %.% % 1.32% % VBP Units Van Eyk Blueprint Alternatives Plus.2 n/a ,54 12, % -1.2% % -.87% -7.73% -7.48% -24.7% 1 Month Price 1 Year Price 3 Year Price 5 Year Price # The FUM for each LIC is based off the last reported number of units recorded in CHESS multiplied by the closing price on the last trading day of the month. Any updates to the number of units on issue received post the last trading day of the month are not picked up until the following month. All values are as at Dec-12. MERs sourced from issuer publications. Past Performance is not a reliable indicator of future performance.

6 Spotlight on A-REITS and Infrastructure Funds December Listed Managed 212 Investments (LMI) Update - December 29 Month: Dec-12 Trading days: 19 Period ending: Monday, 31 December 212 PRODUCT SUMMARY 75 A-REIT Market Growth 16, 24 Infrastructure Funds Market Growth 6, Number Listed , 12, 1, 8, 6, 4, 2, Market Capitalisation, millions Number Listed , 4, 3, 2, 1, Market Capitalisation, millions 3 15 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 1,2,3 A-REIT Market 2, 12,3 Infrastructure Funds Market 1,4 1,,3 18, 16, 1,3 1,2 Number Trades 8,3 6,3 4,3 14, 12, 1, 8, 6, Value Traded, millions Number Trades 8,3 6,3 4,3 1, Value Traded, millions 2,3 4, 2, 2,3 2 3 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 3 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 8.% 6.% 4.% 2.%.%.%.%.%.% 7.5% 55.5% 53.5% A-REITS Premium / Discount to NTA as at 31 December % 2.% 16.8% 14.5% 11.2% 1.% 6.2% 2.7% 1.5%.8% n/a n/a -2.% -4.% -6.% -8.% -2.% -4.1% -5.4% -7.5% -7.7% -8.5% -1.% -1.4% -1.5% -11.% -12.1% -15.9% -17.6% -23.5% -25.% -27.3% -27.4% -33.% -36.8% -37.3% -44.% -47.7% -52.6% -54.8% -55.% -61.3% -1.% -12.% Brookfield Prime Property Fund Shopping Centres Australasia Property Group 36 Capital Industrial Fund Us Masters Residential Property Fund Goodman Group Westfield Group Charter Hall Group Cromwell Property Group ALE Property Group BWP Trust Growthpoint Properties Australia Charter Hall Retail REIT Cvc Property Fund Australian Education Trust Centro Retail Australia Dexus Property Group GPT Group Generation Healthcare REIT Stockland Investa Office Fund CFS Retail Property Trust Group Abacus Property Group Challenger Diversified Property Group Multiplex European Property Fund Westfield Retail Trust Mirvac Group Carindale Property Trust Commonwealth Property Office Fund The Australian Social Infrastructure Fund Ingenia Communities Group Blackwall Property Funds Limited Trinity Group Centro Retail Group Trafalgar Corporate Group Astro Japan Property Group Mirvac Industrial Trust Lantern Hotel Group Real Estate Capital Partners Usa Property Trust P-REIT RNY Property Trust Agricultural Land Trust Aspen Group MacarthurCook Property Securities Fund -85.7% -92.9% -93.6% Coonawarra Australia Property Trust Galileo Japan Trust Cheviot Kirribilly Vineyard Property Limited

7 Sptlight Spotlight on on A-REITs ETPs ETPs and Infrastructure Funds July December Listed Managed Investments (LMI) July Update - December 29 A-REIT & Infr Fund Profiles Type* Fund Name A-REITS Stapled Security ($m) Traded Value ($) Traded Volume Number Prem/Disc % of Trades Liquidity % NTA s Distribution Yield ABP Stapled Abacus Property Group ,379,776 2,345,55 13,74 4.5% -7.7% % 4.85% 12.5% -2.92% % AJA Stapled Astro Japan Property Group ,244,673 2,431,812 6, % -33.% % -2.33% 41.55% % -79.7% APZ Stapled Aspen Group ,34,818 55,38,325 2, % -55.% % 7.14% % % % CDI Stapled Challenger Diversified Property Group ,171,853 3,35,986 5, % -8.5% %.4% 29.69% 33.87% % CER Stapled Centro Retail Group % -27.3% %.%.% 93.94% % CHC Stapled Charter Hall Group ,55,377 18,291,895 25, % 53.5% % 3.81% 63.91% 21.61% % CJT Stapled Cvc Property Fund % 1.% %.% 1.% % % CKP Stapled Cheviot Kirribilly Vineyard Property Limited % -93.6% %.%.% % -91.5% CNP Stapled Cnpr Group % -11.9% %.%.% % -96.4% CMW Stapled Cromwell Property Group ,51,244 39,381,325 7, % 25.4% %.6% 25.37% 15.7% % CRF Stapled Centro Retail Australia ,424,92 165,546,324 51, % 2.7% % 5.9% 31.98% n/a n/a DXS Stapled Dexus Property Group ,84, ,277,887 59, % 1.5% % 3.57% 2.83% 19.41% % GPT Stapled GPT Group ,422,362 19,256,146 75, %.8% % 5.14% 18.71% 21.65% -73.7% GOZ Stapled Growthpoint Properties Australia ,342,168 5,176,577 3, % 14.5% % 3.76% 14.51% 35.13% % INA Stapled Ingenia Communities Group ,619,12 9,267,376 2, % -17.6% % -1.75% 8.65% 18.% % IOF Stapled Investa Office Fund ,449,539 59,62,649 42, % -5.4% % 2.6% 24.63% 16.85% % GMG Stapled Goodman Group ,156,232, ,659,85 92, % 7.5% % -6.28% 48.3% 36.38% % LEP Stapled ALE Property Group ,58,587 4,86,289 4, % 2.% %.% 14.15% 3.8% -3.9% MGR Stapled Mirvac Group ,489, ,584,63 68,56 6.6% -1.5% % 1.37% 23.75% -5.41% % SCP Stapled Shopping Centres Australasia Property Group ,482, ,585,812 44, % n/a % 4.53% n/a n/a n/a SGP Stapled Stockland ,757, ,371,896 86,83 8.6% -4.1% % 2.92% 8.62% -1.63% % TGP Stapled Trafalgar Corporate Group , , % -27.4% %.95% 6.55% 76.61% % TCQ Stapled Trinity Group ,556 2,628, % -25.% %.% 42.5% % % A-REITS Unit Trusts AEU Units Australian Education Trust ,68,872 14,194, % 6.2% % 5.76% 39.67% % % AGJ Units Agricultural Land Trust ,597 1,381, % -54.8% % -3.77% % % % AZF Units The Australian Social Infrastructure Fund ,62 196, % -15.9% % 2.7% 27.52% n/a n/a BPA Units Brookfield Prime Property Fund ,45 5, % n/a % -4.36% 6.57% n/a n/a BWF Units Blackwall Property Funds Limited ,158 69, % -23.5% % 36.84% 18.18% n/a n/a BWP Units BWP Trust ,943,1 25,232,663 29, % 16.8% % 1.89% 26.34% 18.17% -2.74% CDP Units Carindale Property Trust ,138, , % -11.% % 1.97% 46.39% 35.56% 26.5% CFX Units CFS Retail Property Trust Group ,83, ,576,713 68,752 5.% -7.5% % -1.79% 11.34%.79% % CNR Units Coonawarra Australia Property Trust % -85.7% %.% -4.% -85.% -95.% CPA Units Commonwealth Property Office Fund ,667, ,214,353 41, % -12.1% % -1.92% 6.81% 5.45% -33.8% CQR Units Charter Hall Retail REIT ,124,375 22,3,998 35, 6.5% 11.2% % 4.44% 16.41% 28.55% % GHC Units Generation Healthcare REIT , , % -2.% % -1.51% 29.8% 28.95% -1.91% GJT Units Galileo Japan Trust , , % -92.9% % 7.4% 137.5% % -98.3% LTN Units Lantern Hotel Group ,433 2,79, % -37.3% % 2.99% 3.19% % % MIX Units Mirvac Industrial Trust ,47,25 8,686, % -36.8% %.% 55.84% % % MPS Units MacarthurCook Property Securities Fund ,829 5,481, % -61.3% %.% % % % MUE Units Multiplex European Property Fund ,65 1,912,18 8.8% -1.% % 3.13% % 48.57% -7.29% PXT Units P-REIT , ,41 9.1% -47.7% % 21.5% 41.98% n/a n/a RCU Units Real Estate Capital Partners Usa Property Trust ,377,511 9,89, % -44.% % -3.77% 12.89% % -96.5% RNY Units RNY Property Trust ,14 1,664, % -52.6% %.% 85.% 48.% % TIX Units 36 Capital Industrial Fund ,498,237 5,597, % n/a % n/a n/a n/a n/a URF Units Us Masters Residential Property Fund , , % n/a % 1.6% n/a n/a n/a WRT Units Westfield Retail Trust ,56,72 223,757,121 67, % -1.4% % 1.34% 2.32% n/a n/a WDC Units Westfield Group ,211,192, ,542, , % 55.5% % 1.15% 35.91% 7.84% % 1 Month Price 1 Year Price 3 Year Price 5 Year Price

8 Sptlight Spotlight on on A-REITs ETPs ETPs and Infrastructure Funds July December Listed Managed Investments (LMI) July Update - December 29 A-REIT & Infr Fund Profiles Type* Fund Name ($m) Traded Value ($) Traded Volume Number Prem/Disc % of Trades Liquidity % NTA s Distribution Yield Infrastructure Stapled Security AIO Stapled Asciano Limited ,62,397 71,89,323 67, % % 8.37% 1.97% % % AEJ Stapled Redbank Energy Limited ,13 28, % % 48.91% 24.% % % AIX Stapled Australian Infrastructure Fund ,421,588 48,613,485 15,8 7.9% % -.96% 61.56% 74.72% 12.34% APA Stapled APA Group ,729,513 5,639,11 7, % %.36% 23.16% 58.% 52.34% IFN Stapled Infigen Energy ,334,186 8,672,19 4, % % -3.85% -3.85% -82.8% % CIF Stapled Challenger Infrastructure Fund % %.% 12.5% % -65.1% DUE Stapled Duet Group ,969,955 57,85,279 43, % % -2.8% 18.86% 16.52% % EPX Stapled Ethane Pipeline Income Fund ,141,861 2,85,843 2,65 4.1% % 3.17% 5.29% 24.31% -8.21% ENV Stapled Envestra Limited ,827,18 29,887,28 18, % % 4.44% 31.47% 84.31% -1.5% HDF Stapled Apa Sub Group % %.% 4.39% 159.9% 7.99% SYD Stapled Sydney Airport ,492,488 85,313,625 62,78 4.7% % -2.87% 27.7% 5.3% 13.5% MQA Stapled Macquarie Atlas Roads Group ,735,877 17,127,156 1, % % 7.42% 24.25% n/a n/a SPN Stapled SP AusNet ,756, ,259,79 54,31 3.9% % 6.22% 2.34% 22.97% -4.46% SKI Stapled Spark Infrastructure Group ,16,651 91,851,637 45, % % 4.5% 2.14% 24.6% % TCL Stapled Transurban Group ,24,492 77,329,484 83, % % -1.77% 8.56% 1.52% -1.48% Infrastructure Unit Trusts BCS Units Brisconnections Unit Trusts % %.% % n/a n/a CSU Units Credit Suisse Pl1-Emerging Mkts Infr.Dev.Trust ,8 8, 3.2% % -1.3% 1.5% 6.8% -5.88% QUB Units Qube Holdings Limited ,144,479 29,645,12 17,995 3.% % 8.77% 25.94% 98.93% 72.14% 1 Month Price 1 Year Price 3 Year Price 5 Year Price # The Market Value for each product is based off the last reported number of units recorded in CHESS multiplied by the closing price on the last trading day of the month. Any updates to the number of units on issue received post the last trading day of the month are not picked up until the following month. All values are as at Dec-12. NTA is the last reported value. Past Performance is not a reliable indicator of future performance.

9 Spotlight on ETPs (ETFs / Managed Funds / Structured Products) December Listed Managed 212 Investments (LMI) Update - December 29 Month: Dec-12 Trading days: 19 Period ending: Monday, 31 December 212 ISSUER & PRODUCT SUMMARY Asset Spread of ETPs, December 212 FUM (A$) 1 ETP Market Growth 7, 13% 1% 4% 8%.59% 2% 8% 45% Australian Broad Based Australian Sector Broad Based International International Sector Strategy Based Currency Fixed Income Commodity Number ETP Listed Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 Jan-1 Jul-1 6, 5, 4, 3, 2, 1, Market Capitalisation, millions Number of Products by Issuer, % 7% 9% ishares StateStreet 29% Vanguard 17% BetaShares Russell Investments 1% ETFS Aii 5% 13% 1% Other % 11% 4% 6% 1% FUM by Issuer, % 1.% 25% 43% ishares StateStreet Vanguard BetaShares Russell Investments ETFS Aii Other Valued Traded by Issuer, December 212 % Value Traded by Asset, December 212 $m 4% 14% 12% 8% %.79% 22% 39% ishares StateStreet Vanguard BetaShares Russell Investments ETFS Aii 14% 2% 1% 7% 1% 18% n/a n/a 5% 43% Australian Broad Based Australian Sector Broad Based International International Sector Strategy Based Currency Fixed Income Commodity Top 5 ETPs by Value Traded, December 212 $m FUM by Asset Spread, $m, December 212 $26.65 STW - SPDR S&P/ 2-19,939,513 Commodity $29.93 $3.4 $35.32 $175.8 GOLD - ETFS Physical Gold IVV - ishares Core S&P 5 VAS - Vanguard Australian Shares Index AAA - Betashares Australian High Interest Cash ETF Fixed Income Currency Strategy Based International Sector Broad Based International Australian Sector Australian Broad Based 18,353, ,35 59,11,13 1,637,596 69,73,52 19,456,628 11,825,411

10 Sptlight Spotlight on on ETPs ETPs ETPs (ETFs / Managed Funds / Structured Products) July December Listed Managed Investments (LMI) July Update - December 29 ETP Profiles Type* Fund Name MER (% p.a) FUM FUM ($m) Traded Value ($) Traded Volume Number of Trades Liquidity % % Spread* Bid Depth (A$'s)** Ask Depth (A$'s)** s Distribution Yield 1 Month Total 1 Year Total 3 Year Total 5 Year Total Australian Broad Based IOZ ETF ishares MSCI Australia ,31, , %.18% 1,126 1, % 3.72% 21.14% n/a n/a ILC ETF ishares S&P/ ,766, , %.14% 1,93 1, % 2.6% 21.67% n/a n/a ISO ETF ishares S&P/ Small Ordinaries ,275, , %.54% % 1.22% 4.71% n/a n/a STW ETF SPDR S&P/ ,84,152 4,1,31 6, %.4% 3,87 2, % 3.26% 19.71% 2.61% -1.89% SFY ETF SPDR S&P/ ,939,246 15, %.15% %.3% 2.74% 3.39% -.77% SSO ETF SPDR S&P/ 2 Small Ordinaries Fund ,524, , %.5% % 1.78% 6.28% n/a n/a VAS ETF Vanguard Australian Shares Index ,928,19 52, %.13% 1,99 1, % 3.28% 19.58% 2.52% n/a VLC ETF Vanguard MSCI Australian Large Companies Index ,16 2, %.8% 1, 1, % 5.5% 22.2% n/a n/a VSO ETF Vanguard MSCI Australian Small Companies Index ,516 6, %.27% 795 1, % 3.73% 9.5% n/a n/a Australian Sector FIX ETF Aii S&P 2 Financials X a-reit ,478 27, %.51% % 2.94% 27.78% n/a n/a ENY ETF Aii S&P2 Energy ,446 2, %.55% % 3.64% -1.73% n/a n/a FIN ETF Aii S&P 2 Financials ,973 18, %.69% % 5.95% 27.77% n/a n/a MAM ETF Aii S&P 3 Metals and Mining ,76 1, %.86% % 7.56%.19% n/a n/a IDD ETF Aii S&P 2 Industrials ,254 9, %.83% % 7.% 4.5% n/a n/a RSR ETF Aii S&P 2 Resources ,22 8, %.66% % 6.61%.74% n/a n/a DGA ETF DIGGA Australian Mining Fund ,839 4, % 1.% % 3.67% n/a n/a n/a OZF ETF SPDR S&P/ 2 Financials ex A-REITs Fund ,19,549 26, %.24% % -.56% 27.61% n/a n/a OZR ETF SPDR S&P/ 2 Resource Fund ,742 78, %.36% % 3.23% 1.6% n/a n/a VAP ETF Vanguard Australian Propertry Securities Index ETF ,586,38 81, %.24% % 3.17% 29.15% n/a n/a SLF ETF SPDR S&P/ 2 Listed Property Fund ,761,66 1,37, %.49% % 1.8% 3.73% 8.74% -8.2% QFN ETF Beta Shares S&P/ 2 Financials Sector ETF ,653, , %.36% % -1.95% 26.98% n/a n/a QRE ETF Beta Shares S&P/ 2 Resources Sector ETF ,665 14, %.38% 974 1, % 5.11% -4.62% n/a n/a Currency EEU ETF BetaShares Euro ETF ,97 61, %.19% 1,898 2, % 2.67% -3.3% n/a n/a POU ETF BetaShares British Pound ETF ,71 17, %.18% 2,26 2, % 1.18% -.77% n/a n/a USD ETF BetaShares U.S Dollar ETF ,42,636 89, %.2% 2,53 3, %.21% -2.82% n/a n/a International IAA ETF ishares S&P Asia 5 Index Fund ,712,46 14, %.59% % 4.12% 19.47% 2.76%.% IBK ETF ishares MSCI BRIC Index Fund ,157,421 82, %.57% % 5.75% 11.57% -7.42% n/a ITW ETF ishares MSCI Taiwan ,851 4, %.86% % 4.21% 13.29% -1.53% -2.66% IKO ETF ishares MSCI South Korea ,493 3, %.74% 55 1, % 3.99% 15.57% 4.51% -3.48% IHK ETF ishares MSCI Hong Kong ,199 13, %.7% %.97% 24.86% 4.2% -3.32% ISG ETF ishares MSCI Singapore ,97 12, %.87% % 1.59% 23.81% 3.4% -.25% IRU ETF ishares Russell ,525 4, %.43% 214 1, % 3.52% 11.42% 5.53% -.43% IZZ ETF ishares FTSE China ,29, , %.57% % 6.4% 12.97% -5.33% -9.% IJP ETF ishares MSCI Japan ,278, , % 1.54% % 3.95% 6.43% -4.9% -8.36% IEM ETF ishares MSCI Emerging Markets ,574, , %.4% % 4.97% 14.48% -1.83% -4.61% IOO ETF ishares S&P Global ,656,217 27, %.16% 778 1, %.87% 9.29% -1.52% -5.96% IVV ETF ishares Core S&P ,41, , % 1.31% 1,57 2, % -.49% 1.81% 4.28% -2.45% IJH ETF ishares Core S&P Midcap ,362,898 14, %.33% 485 1, % -.12% 11.52% 6.52%.81% IJR ETF ishares Core S&P Smallcap ,94 6, %.73% % 2.1% 1.69% 7.18% 1.12% IVE ETF ishares MSCI EAFE ,135,54 39, %.77% % 2.63% 14.82% -2.16% -7.47% IEU ETF ishares S&P Europe ,282,693 6, %.87% % 2.66% 15.8% -2.99% -8.46% VEU ETF Vanguard All-World ex US Shares Index ,684,556 85, %.63% % 3.15% 13.9% -1.8% n/a VTS ETF Vanguard US Total Market Shares Index ,876,254 69, % 1.8% 641 1, % -.7% 1.69% 4.48%.%

11 Sptlight Spotlight on on ETPs ETPs ETPs (ETFs / Managed Funds / Structured Products) July December Listed Managed Investments (LMI) July Update - December 29 ETP Profiles Type* Fund Name MER (% p.a) FUM FUM ($m) Traded Value ($) Traded Volume Number of Trades Liquidity % % Spread* Bid Depth (A$'s)** Ask Depth (A$'s)** s Distribution Yield 1 Month Total 1 Year Total 3 Year Total 5 Year Total International Sector IXI ETF ishares S&P Global Consumer Staples ,449,654 2, %.34% % -2.55% 9.7% 5.2% n/a IXJ ETF ishares S&P Global Healthcare ,645,936 42, %.66% % -.13% 13.47% 3.49% n/a IXP ETF ishares S&P Global Telecommunications ,58 4, %.6% % -1.91% 4.1% -.57% n/a Strategy Based BEAR MF BetaShares Australian Equities Bear Hedge Fund ,34, , %.9% 2,472 3, % -2.97% n/a n/a n/a ETF ETF UBS IQ Research Preferred Australian Share Fund ,648 11, %.36% % 5.3% n/a n/a n/a IHD ETF ishares S&P/ High Dividend Yield ,445, , %.19% 79 1, % 2.25% 17.6% n/a n/a RDV ETF Russell High Dividend Australian Shares ETF ,126, 727, %.23% 983 1, % 1.% 17.92% n/a n/a RVL ETF Russell Australian Value ETF ,87 3, %.16% % 3.23% 19.3% n/a n/a SYI ETF SPDR MSCI Australia Select High Dividend Yield Fund ,481, , %.29% % 1.81% 22.68% n/a n/a VHY ETF Vanguard Australian Shares High Yield ETF ,26,932 3, %.16% % 3.52% 22.79% n/a n/a YMAX MF BetaShares Australia Top2 Equity Yield Max Fund ,917, , %.17% % 2.13% n/a n/a n/a Fixed Income & Cash BOND ETF SPDR S&P/ Australian Bond Fund ,78 8, %.29% 881 1, % -.56% n/a n/a n/a GOVT ETF SPDR S&P/ Australian Government Bond Fund ,85 5, 1 2.5%.29% 876 1, % -1.13% n/a n/a n/a AAA ETF Betashares Australian High Interest Cash ETF ,652, , %.2% 7,382 14, %.% n/a n/a n/a IAF ETF ishares UBS Composite Bond Index Fund ,352,239 32, %.1% 1,836 2, % -.55% n/a n/a n/a ILB ETF ishares UBS Government Inflation Index Fund ,56,62 24, %.28% 1,183 1, % -1.16% n/a n/a n/a IGB ETF ishares UBS Treasury Index Fund ,617,878 15, %.12% 2, 2, % -1.16% n/a n/a n/a RGB ETF Russell Australian Government Bond ETF ,277 9, %.27% % -1.% n/a n/a n/a RSM ETF Russell Australian Semi-Government Bond ETF ,22 22, %.28% %.44% n/a n/a n/a RCB ETF Russell Australian Select Corporate Bond ETF ,431,718 69, %.28% % -.68% n/a n/a n/a VAF ETF Vanguard Australian Fixed Interest Index ,49 11, %.3% 785 1, %.16% n/a n/a n/a VGB ETF Vanguard Australian Governnment Bond Index ETF ,939,268 38, %.23% % -.2% n/a n/a n/a

12 Sptlight Spotlight on on ETPs ETPs ETPs (ETFs / Managed Funds / Structured Products) July December Listed Managed Investments (LMI) July Update - December 29 ETP Profiles Type* Fund Name MER (% p.a) FUM FUM ($m) Traded Value ($) Traded Volume Number of Trades Liquidity % % Spread* Bid Depth (A$'s)** Ask Depth (A$'s)** s Distribution Yield 1 Month Total 1 Year Total 3 Year Total 5 Year Total Commodity QAG ETF BetaShares Agriculture ETF-Currency Hedged (Synthetic) ,43 23, % 1.22% % -5.31% 19.78% n/a n/a QAU ETF BetaShares Gold Bullion ETF (AU$ Hedged) ,749,23 58, %.17% 962 1, % -3.91% 8.44% n/a n/a QCB ETF BetaShares Commodities Basket ETF-Currency Hedged (Synthetic) ,493 1, %.6% % -1.35% 3.44% n/a n/a OOO ETF Betashares Crude Oil Index ETF-Currency Hedged (Synthetic) ,726 18, %.84% % 3.35% % n/a n/a ETPAGR SP ETFS Agriculture (collateralised structured product) %.72% %.% n/a n/a n/a ETPCMD SP ETFS All Commodities (collateralised structured product) ,675 1, %.75% % -7.% n/a n/a n/a ETPCOP SP ETFS Copper (collateralised structured product) %.49% %.% n/a n/a n/a ETPCRN SP ETFS Corn (collateralised structured product) %.8% %.% n/a n/a n/a ETPGAS SP ETFS Natural Gas (collateralised structured product) % 5.67% 1, % -12.% n/a n/a n/a ETPGRN SP ETFS Grains (collateralised structured product) %.8% %.% n/a n/a n/a ETPIND SP ETFS Industrialised Metals (collateralised structured product) % 1.2% %.% n/a n/a n/a ETPNRG SP ETFS Energy (collateralised structured product) %.73% %.% n/a n/a n/a ETPMPM SP ETFS Precious Metals Basket ,21 1, % 2.24% % -4.45% -3.77% 8.52% n/a ETPMPT SP ETFS Physical Platinum , % 1.7% 49 2, % -4.3% 8.61% -4.7% n/a ETPMAG SP ETFS Physical Silver ,98, , %.55% % -7.23% 9.95% 16.33% n/a ETPMPD SP ETFS Physical Palladium , % 1.35% % 9.33% 13.98% 18.62% n/a ETPOIL SP ETFS Brent Crude (collateralised structured product) % 1.15% %.% n/a n/a n/a ETPWHT SP ETFS Wheat (collateralised structured product) ,53 11, %.8% % -6.7% n/a n/a n/a GOLD Share ETFS Physical Gold ,324,21 227,344 2, %.1% 412 1, % -3.54% 3.85% 8.86% 9.96% PMGOLD SP Perth Mint Gold ,879, , %.62% % n/a n/a n/a n/a RBSRIA SP RBS Rici Enhanced Ag Index (synthetic structured product).83 n/a n/a 11,458 6,8 1.%.74% % n/a n/a n/a n/a RBSRIE SP RBS Rici Enhanced Energy Index (synthetic structured product).83 n/a n/a %.61% % n/a n/a n/a n/a RBSRIG SP RBS Rici Enhanced Global Index (synthetic structured product).83 n/a n/a %.72% % n/a n/a n/a n/a RBSRIL SP RBS Rici Enhanced Ag X-Live Ind (synthetic structured product).83 n/a n/a %.85% % n/a n/a n/a n/a RBSRIM SP RBS Rici Enhanced Metals Index (synthetic structured product).83 n/a n/a %.71% n/a n/a n/a n/a n/a Type: ETF = Exchange Traded Fund, SP = Structured Product, MF = Managed Fund, Share = Redeemable Preference Share * Average % Spread = (offer-bid /midpoint as measured from 1.3am pm) ** Average Dollar value of bids/offers at the 5 best price levels. # The FUM for each ETP is based off the last reported number of units recorded in CHESS multiplied by the closing price on the last trading day of the month. Any updates to the number of units on issue received post the last trading day of the month are not picked up until the following month. MER (management expense ratio figures have been extracted form the relevant PDS or as updated by the issuer of the product. Under the Corporations Regulations, managment costs do not include transactional or operational costs or certain other fees and costs which may also apply. Such costs may be significant. When considering a product or comparing between products you should refer to the relevant PDS(s) for more information on any additional costs associated with each product. All values are as at Dec-12. Total information provided by Morningstar. Spreads in international ETFs and some ETCs can vary throughout the day due to opening hours of the underlying markets. Please contact the product issuers for further information. Contacts Australia Jonathan Morgan Business Development Manager Jonathan.Morgan@asx.com.au Australia Ian Irvine Business Development Manager Ian.Irvine@asx.com.au Past Performance is not a reliable indicator of future performance. Information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions. Although Limited ABN and its related bodies corporate ( ) has made every effort to ensure the accuracy of the information as at the date of publication, does not give any warranty or representation as to the accuracy, reliability or completeness of the information. To the extent permitted by law, and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from any one acting or refraining to act in reliance on this information. Copyright 211 Limited ABN All rights reserved 211. Australia Marcus Christoe Senior Manager, Funds & Investment Products Marcus.Christoe@asx.com.au Australia Kim-Ly White Manager, AQUA & Warrants Kim-Ly.White@asx.com.au Asia Europe North America Andrew Musgrave James Keeley David Ritchie Regional Manager Asia Regional Manager Europe Regional Manager USA Andrew.Musgrave@asx.com.au James.Keeley@asx.com.au David.Ritchie@asx.com.au