Morningstar to launch Approved Share Lists for SMSFs

16 May 2014

Morningstar will launch an Approved Share List for advisers working with self-managed superannuation fund (SMSF) members after research found that equities allocations in SMSFs have been almost unchanged for a decade.

Morningstar head of adviser solutions Andrew Whelan said the ASL would operate in the same way as an Approved Product List and focus on ‘off the shelf' equities offerings using internal equities research already conducted by Morningstar.

Whelan said the size of the SMSF sector was too large for planners and researchers to ignore and its rapid growth meant that not all SMSF members were sophisticated investors.

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The ASL would draw on the 120 equities analysts employed by Morningstar world-wide and would provide advisers and SMSF clients with a list of equities that could be shaped to show sector concentrations and risk positions.

The list would also offer a dividend yield calculator and in time would cover exchange traded funds and listed investment companies.

Whelan said the SMSF sector was interested in direct solutions. Advisers would need to meet their clients at their point of interest, with Morningstar providing the ASL to support advisers.

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