The Australian self-managed super sector is grossly over-exposed to Australian assets in AUD - Charlie Aitken: Tax driven, income seeking, home bias in SMSF...

Bell Potter

Stockbroker

The Australian self-managed super sector is grossly over-exposed to Australian assets in AUD - Charlie Aitken: Tax driven, income seeking, home bias in SMSF asset allocation is getting DANGEROUS. This is not the time of the cycle to be loaded up on Australian bank equity and debt at record prices. GDP growth is slowing, unemployment is rising, & the residential property market is very, very frothy. All SMSF's should sit down and consider their asset allocation and true concentration risk. A 99% asset allocation to Australian assets in AUD is not the way forward. You need to genuinely diversify by currency, industry and strategy. The three cheapest asset classes in the world remain the USD, Volatility & Chinese Equities.They were up +1%, +4.7% and +1% respectively last night, while the AUD lost -1%. Lose the home bias, it's going to continue to cost you relatively and absolutely in USD terms.


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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