SMSF investors continue to retreat from the volatile stock market, recording their lowest investment for five years in this asset class for the June quarter of this year.
According to new data released by OneVue, investment in listed shares by OneVue SMSF investors dropped to 19.23% in the June quarter, down nearly 10% from two years ago and more than 3% in the past year.
The listed shares category was 22.52% one year ago (June 2015 quarter) and much higher two years ago at 28.93% (June 2014 quarter).
SMSF investment in listed shares is now at the lowest level ever recorded by OneVue, which started keeping records of SMSF investment in June 2011. In that quarter five years ago, listed shares were the biggest asset class held by OneVue SMSF investors, at 29.5%.
“SMSF investors are continuing to react with caution to current volatile market conditions, by turning towards cash and term deposits and managed funds,” said OneVue Head of Product and Transactions, Brett Marsh.
Currently, SMSF funds command nearly one-third of Australia’s super pool, with a 29% share of the total and $590 billion in funds under management.
According to the OneVue data, SMSF investment in cash and term deposits rose to 21.07% for the June quarter – up from 18.83% one year ago (June 2015 quarter).
The Unitised Trusts (Managed Funds) category rose to 28.7%, up from 24.7% from a year ago (June 2015 quarter). This continues to be the dominant category for OneVue SMSF investors, attracting more investment than any other asset category.
Investment in Separately Managed Accounts (SMAs) held steady at about a quarter of the total OneVue SMSF investment pool, at 25.13% (compared to 24.7% June quarter 2015). Direct Property holdings stayed fairly steady at 8.61%, up from 7.43% in June 2015.
Advisers are continuing to access professional investment management through actively managed and passively managed trusts, in particular asset classes such as international, infrastructure and alternatives, said Mr Marsh.
For further information contact:
OneVue Head of Product and Transactions
02 8022 7427 | 0422 841 195
About OneVue Holdings Limited (ASX: OVH)
OneVue Holdings is an Australian listed company on the All Ordinaries Index. OneVue delivers investors true choice and control by creating digital gateways between investors and their financial community.
OneVue was winner in 2014 for Best Online SMSF and winner in 2013 for SMSF Providers Premium Service. In 2015 OneVue was a finalist for SuperRatings Rising Star. www.onevue.com.au
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