Jury out on SMSF asset allocation
While self-managed super funds have been viewed favourably in recent years for how well their asset allocations have weathered market volatility, chief executive of the Association of Superannuation Funds of Australia, Pauline Vamos, believes the question of whether those allocations have matured is one on which the jury is still out.
"The latest figures don't seem to indicate that," she said. "And there is no doubt that, as investors, they do invest in a narrower class of assets.
"The question for us lies in the fact that while they are a growing portion of the super industry pie, their ability to invest in 'whole of economy' asset or at least across all asset classes is limited," Vamos continued. "The question to be asked is what that means for the expected role of the superannuation pool?"
Vamos said one of the key economic benefits of the Australian superannuation pool was its ability to 'give back' to the Australian economy.
"It invests back into the whole economy, and through that investment, drives economic growth," she said. "And obviously in the end, that provides better returns to everybody."
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