SMSF trustees looking offshore
Self-managed super fund (SMSF) trustees are increasingly utilising advanced stock researching tools to plan for and manage their retirement portfolio.
That is the assessment of the general manager for Skaffold, Chris Batchelor, who said SMSF trustees were also more likely to seek information about offshore stocks than other investors.
"SMSF trustees are the fastest growing sector of the Skaffold client base," he said.
"As a rule, SMSF investors tend to be active investors and at the forefront of seeking out tools to assist with their investment decisions.
"It is estimated that, on average, SMSFs now have 45 per cent of assets in direct shares, up from around 35 per cent in 2007," Batchelor continued.
"This compares with non-SMSF investors who typically hold less in direct shares, due in part to holdings in managed products.
"Additionally, Skaffold members with SMSFs are three times more likely to research stocks in offshore exchanges than members without an SMSF," he said.
Originally published on SMSF Essentials.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
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.
