The SMSF Investor Product Needs Report, which draws on a survey of 2,681 investors with an SMSF, indicates that while SMSF investors are in a period of “cautious optimism,” maximising income remains important.
“For the past few years, the pendulum has been on the fear side; it was moving back towards optimism, but a lot of caution has emerged in 2014,” the report says.
In 2014, 23 per cent of respondents to the survey declared ‘maximising capital growth’ as their main investment goal over the next year, the highest number in the past six years, compared to 2011 when having a growth priority dipped as low as 14 per cent.
“Those SMSF investors wanting to balance growth and managing risk stood at 32 per cent in 2014, the second highest number over this six-year period – it stood at 34 per cent in 2013,” said senior analyst at Investment Trends Recep III Peker.
“At the same time, building a sustainable income stream fell to 33 per cent in 2014, the lowest number over the past six years. In 2011, this was the main priority of 45 per cent of SMSF investors,” he said.
The research also shows SMSF investors continue to be attracted to ETFs and LICs, which have been on the growth path in this sector for the last three years.
Morningstar’s Grant Kennaway, director of manager research, Asia Pacific, also said the research indicates that SMSF investors are also looking for specialist advice in areas such as tax planning, the age pension, retirement planning and setting up an SMSF.
“There’s clearly strong market demand for all types of advice, including independent investment research, and a real opportunity for those businesses capable of meeting it,” he said.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
28 Jun 2016Govt told to rethink super policy in light of BrexitBy Staff Reporter
28 Jun 2016Looming election ‘heads I lose, tails I lose’ for SMSFsBy Katarina Taurian
28 Jun 2016Post-Brexit ‘definitely time for caution’By Katarina Taurian
28 Jun 2016Financial services provider to launch SMSF admin, investment platformBy Staff Reporter
27 Jun 2016ASIC tipped to ‘make example’ of accountantsBy Katarina Taurian
27 Jun 2016Brexit to offer SMSFs blue-chip bargainsBy Miranda Brownlee
- view all
Govt told to rethink super policy in light of Brexit
Several investor lobby groups are pushing the government to reconsider its proposed super changes in light of Brexit, given the current and ...read more
Looming election ‘heads I lose, tails I lose’ for SMSFs
One Australian fund manager believes that despite the tough policies the Liberal government announced in the budget, superannuation policy u...read more
Financial services provider to launch SMSF admin, investment platform
A financial services company has opened pre-registrations for its new SMSF platform, set to launch next month, which will provide establishm...read more
- view all