Via Banking Day, the SMSF Professionals’ Association of Australia (SPAA) and Russell Investments annual survey shows SMSF trends:
Cash and term deposit holdings fell from 33.9 per cent of portfolios in 2012 to 31 per cent last year. About a quarter (28.6 per cent) of survey respondents said they held cash to reduce risk, while 42.9 per cent said they continued to hold a high level of cash because they were waiting for a “better investment option”. …The average allocation to Australian equities fell from 37.1 per cent in 2012 to 36.1 per cent last year. The allocation to residential property rose from 5.6 per cent in 2012 to 9.9 per cent last year.
Over half said they were considering less cash owing to low interest rates with 68.8 per cent saying equities were in their cross-hairs.
