Most SMSFs are still poorly diversified
Data only just released by the Australian Tax Office, detailing the asset allocations for all SMSFs in the quarter to the end of June, shows there was still a large investment weighting at that time towards cash and term deposits.
Small SMSFs have even more cash
Lack of diversification
Top 10 SMSF Asset Allocations at 30 June 2020
Asset class | Amount ($m) | % of total SMSF assets |
Listed shares | 191,464 | 26.1 |
Cash and term deposits | 156,278 | 21.3 |
Unlisted trusts | 85,752 | 11.7 |
Non-residential real property | 73,493 | 10.0 |
Limited recourse borrowing arrangements | 50,234 | 6.8 |
Listed trusts | 43,330 | 5.9 |
Residential real property | 39,100 | 5.3 |
Other managed investments | 37,700 | 5.1 |
Other assets | 19,352 | 2.6 |
Debt securities | 11,525 | 1.6 |
Total | 708,228 | 96.4 |
Source: Australian Tax Office
The ATO's crackdown on SMSF strategies
Taking a broader view
Tony Kaye
20 Oct, 2020
vanguardinvestments.com.au
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