Online Briefing from RaboPlus: Australian Investment Report
Australian Investment Report: Focus on Self Managed Super Funds.
Sophisticated SMSF investors were cashed up and ready for recent correction, says new survey.
Sydney (Billboard Publicity Wire / PRWEB) September 28, 2007 -- Many self managed superannuation funds (SMSF) took a more defensive stance before the Australian stock market correction with a move to blue-chip Australian shares and cash, according to a new survey of DIY investors concluded before the July-August correction.
The Investment Trends/RaboPlus DIY Investor survey of 2,139 self managed super funds found a number of SMSFs were anticipating a market correction, as shown by:
*28 per cent changed their asset allocation in the preceding year, compared to only 18 per cent the year before.
*Among those who changed asset allocation:
- The proportion citing a positive outlook on Aussie equities fell 43 per cent (from 42 per cent to 24 per cent).
- 24 per cent said they are accumulating cash
- 14 per cent said they were adopting a more defensive stance.
*Investments in online savings and term deposits tended to be the largest transactions behind property (with no gearing).
*''Waiting for a market correction'' was a common theme among those investing in cash products.
Download the full PDF here
http://www.raboplus.com.au/binaries/InvestmentTrends270907.pdf
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