Investors still have lots of cash
19/01/2010
Investors with self-managed superannuation funds have increased their allocation to equities from 32 per cent in December 2008 to 42 per cent in December 2009 and reduced their allocation to cash, according to a Multiport survey.
Over the last six months SMSFs reduced their cash holdings from 28 per cent to 22 per cent.
"The cash built up over 2008 and remained that way in the first half of 2009, then commenced a shift into equities in good correlation to the rising market over recent months," Multiport chief executive John Mcllroy said.
"The average SMSF still has cash of around $190,000 ready to invest, so there is room for further substantial changes in market participation if greater stability is seen in sharemarkets."
Source: Investor Daily
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