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 (PRWEB / 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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See the original story at: http://www.prweb.com/releases/2007/09/prweb557178.htm

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