Products needed to meet SMSF objectives

Despite the steady increase in the number of self-managed superannuation funds (SMSFs) in Australia, there has not been a commensurate rise in the number of products capable of giving them a well-balanced spread of investments.

That is the analysis of Macquarie Specialist Investments executive director, Peter van der Westhuyzen, who acknowledged the latest Australian Prudential Regulation Authority (APRA) data revealing the amount of SMSF investment still directed towards cash.

He said these belied the amount of interest being shown by SMSF trustees and financial advisers in other investment products specifically tailored for SMSFs.

van der Westhuyzen said that in circumstances where many SMSF trustees had been made cautious by the continuing market volatility, they were nonetheless interested in investigating and understanding opportunities when market conditions improved.

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