Equities still dominate super allocations
More than half of Australia's superannuation investments are in equities, with 24 per cent in Australian equities, according to the latest data from the Australian Prudential Regulation Authority (APRA).
The data for the March quarter, which confirmed that the value of superannuation assets stood at over $2 trillion, also showed that total assets in MySuper products totalled $420.2 billion.
The APRA analysis said as at the end of the March quarter, 52 per cent of the $1.35 trillion investments for entities with at least four members were invested in equities; with 24 per cent in Australian listed equities, 22 per cent in international listed equities, and 5 per cent in unlisted equities.
The analysis said fixed income and cash investments accounted for 32 per cent of investments; 19 per cent in fixed income and 13 per cent in cash.
It said property and infrastructure accounted for 12 per cent of investments and 4 per cent were invested in other assets, including hedge funds and commodities.
Recommended for you
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
