SMSFs beginning to increase Australian share exposure – Multiport
Australian self-managed super funds (SMSFs) appear to have begun to increase their exposure to Australian equities, although cash holdings remain the major growth asset, according to SMSF administration firm Multiport.
The Multiport SMSF Investment Patterns Survey found allocation to Australian shares increased from 31.9 per cent to 32.6 per cent in the three months to March 31 this year.
The figure suggests SMSF trustees have continued to hold their direct share holdings or specialist managed funds and lightly increased overall exposure in 2009, Multiport chief executive John Mcllroy said.
The survey revealed direct holdings in Australian shares have increased from 22 per cent to 25 per cent in the March quarter this year, although they are still down on the 26.1 per cent as at December 31, 2007.
Holdings in managed funds fell by 2.1 per cent in the March quarter this year, down from 9.3 per cent as at December 31 last year and down from 8.7 per cent as at December 31, 2007.
In the 15-month period from December 31, 2007, to March 31 this year the average SMSF exposure to Australian shares fell from 34.8 per cent to 32.6 per cent.
By contrast, in the same period there was an increase in average SMSF cash holdings from 12.6 per cent as at December 31, 2007, to 29.2 per cent as at March 31 this year.
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