SMSFs increase debt securities, cash holdings

The latest Taxation Office report on superannuation fund assets was released recently outlining where Australian super funds hold their members funds and changes from the previous update. At the end of June, cash and term deposits, loans and debt securities made up 28.5% of the average super fund, up from 27.7% at the end of the March quarter. Shares, unlisted and listed, dropped to 32.7% from March’s figure of 34.1% while property (both residential and non-residential) increased to 15.0% from the previous quarter’s 14.5%. The balance is made up of trusts, managed funds and “others”. For the full ATO report, click here.