a glimpse into smsf portfolios - morningstar, ... a glimpse into smsf portfolios october 2019...

Download A GLIMPSE INTO SMSF PORTFOLIOS - Morningstar, ... A GLIMPSE INTO SMSF PORTFOLIOS October 2019 Important

Post on 06-Aug-2020

0 views

Category:

Documents

0 download

Embed Size (px)

TRANSCRIPT

  • A GLIMPSE INTO SMSF PORTFOLIOS

    October 2019

  • Important legal disclaimer:

    The information and opinions contains in this presentation is for informational purposes only and does not constitute a product recommendation, or taxation or financial advice and should not be relied upon as such. Please check with your adviser or accountant to obtain the correct tax treatment for your situation.

  • SHARESIGHT

    SMSF Portfolios 15,477

    SMSF Investors 2,778

    Average SMSF Portfolio Value $1,396,371

    Median SMSF Portfolio Value $552,071

    Median Open Portfolio Positions 44

    Paid % of SMSFs 65%

    SHARESIGHT’S AUSTRALIAN SMSF DATASET 50% OF OUR USERBASE IS AUSTRALIAN DOMICILED

    Total Portfolios 75,596

    Total Investors 51,749

  • Cult of dividends a dangerous obsession Sydney Morning Herald, March, 2014

  • SHARESIGHT

    Cult of dividends a dangerous obsession Dividend Contribution to Total Annualised Returns 1 January 2016 – 10 October 2019*

    51%

    STW

    10%

    SPY

    31%

    VGS

    32%

    VAE

    50%

    SMSFS

    62%

    VHY

    STW: SPDR ASX 200

    SPY: SPDR S&P 500

    VGS: Vanguard MSCI International

    VAE: Vanguard Asia ex-Japan

    SMSF: Sharesight Dataset

    VHY: Vanguard Australian High Yield

    Source: Sharesight

  • SHARESIGHT

    Cult of dividends a dangerous obsession Where are those dividends coming from?

    % Mkt Cap of ASX

    Div Yld %

    CBA 13.7% 5.5%

    BHP 10.4% 5.5%

    CSL 10.2% 1.1%

    WBC 9.9% 6.6%

    NAB 8.2% 6.5%

    % Total SMSF

    Holdings Div Yld %

    TLS 1.9% 2.9%

    BHP 1.7% 5.5%

    CBA 1.5% 5.5%

    NAB 1.5% 6.5%

    ANZ 1.4% 5.9%

    Most Popular Sharesight SMSF Holdings*Top 5 ASX Shares by Market Cap

    *Based on 162,600 open positionsSource: ASX, Sharesight

  • How Aussie loyalty could be hurting your share portfolio Money Magazine, March, 2018

  • SHARESIGHT

    How Aussie loyalty could be hurting your share portfolio 19 Category ATO Breakdown of SMSF Asset Allocation (March 2019)

    0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

    Listed shares Cash and term deposits Unlisted trusts

    Non-residential real property Limited recourse borrowing arrangements Residential real property

    Other managed investments Listed trusts Other assets

    Debt securities Unlisted shares Overseas shares

    Loans Other overseas assets Overseas managed investments

    Collectables and personal use assets Overseas residential real property Overseas non-residential real property

    Insurance policy Source: ATO, SMSF Quarterly Statistical Report, March 2019

  • SHARESIGHT

    How Aussie loyalty could be hurting your share portfolio

    Listed shares

    Cash and term deposits

    Unlited trusts

    Other managed investments Listed trusts

    Unlisted shares

    Overseas shares

    Overseas mananged investments

    1.4% Overseas Exposure

    Australia

    Overseas

    Direct Listings

    14% Overseas Exposure

    Simplified ATO Breakdown of Capital Asset Classes Most Popular Sharesight SMSF Holdings

    Source: ATO, SMSF Quarterly Statistical Report, March 2019, Sharesight

  • Australia underweight on the value of technology Australian Financial Review, July, 2019

  • SHARESIGHT

    Australia underweight on the value of technology

    Technology Representation of S&P 500 & ASX by Market Cap

    0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

    Tech Non-Tech

    Source: ASX, Listcorp, Morningstar, ABC

  • SHARESIGHT

    Australia underweight on the value of technology

    Sectors Represented by Sharesight Users

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    % of Total Users % of SMSF UsersSource: Sharesight

  • SHARESIGHT

    Australia underweight on the value of technology Top SMSF Tech Shares

    Tech Services Health Tech Elec Tech Source: Sharesight

  • Australia is On the Brink of a Housing Collapse That Resembles 2008 Forbes, April, 2019

  • SHARESIGHT

    AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008

    17

    Build a $30K Portfolio

    Highly Leveraged to Australian Housing

    Buy All Shares on 1 Jan 2016

  • SHARESIGHT

    AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008

  • SHARESIGHT

    AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008

    Annualised Return 1 Jan 2016 – 11 Oct 2019

    STW: 12.61%

  • SHARESIGHT

    AUSTRALIA IS ON THE BRINK OF A HOUSING COLLAPSE THAT RESEMBLES 2008

    Annualised Return 1 Jan 2016 – 11 Oct 2019

    Aussie Housing Portfolio:

    7.25%

    …of which 7.31% came from dividends…

  • SMSFs underperform APRA funds Nestegg, February, 2018

  • SHARESIGHT

    SMSFs UNDERPERFORM APRA FUNDS Trailing 3 Year Annualised Returns

    13%

    STW

    19%

    SPY

    12%

    Qsuper Aus

    Shares

    11%

    AusSuper Balanced

    13%

    SMSFs on Sharesight

    Dividend Component

    Capital Component

    10%

    Mstar Aus

    Large Blend

    11%

    Schroder WS Plus

    Aus Equity

    12%

    Vanguard Aus

    Shares Index

    Source: Morningstar, Sharesight

  • Cult of dividends a dangerous obsession Sydney Morning Herald, March, 2014

    Australia is On the Brink of a Housing Collapse That Resembles 2008 Forbes, April, 2019

    How Aussie loyalty could be hurting your share portfolio Money Magazine, March, 2018

    Australia underweight on the value of technology Australian Financial Review, July, 2019

    SMSFs underperform APRA funds Nestegg, February, 2018

    Are the Headlines Correct?

  • 01 LESSON

    • Capital movements • Dividend contribution • FX impact • Fee “bleed”

    TRACK THE DRIVERS OF YOUR RETURN

    02 LESSON

    • Sector & Industry • Geographic

    MONITOR YOUR EXPOSURE

    03 LESSON

    • Fee pressure • More products available • More technology

    available

    FUTURE IS BRIGHT FOR DIY INVESTORS

    Lessons for Investors

  • THANK YOU &

    HAPPY INVESTING

    Slide Number 1 Slide Number 2 Slide Number 3 Slide Number 4 Slide Number 5 Slide Number 6 Slide Number 7 Slide Number 8 Slide Number 9 Slide Number 10 Slide Number 11 Slide Number 12 Slide Number 13 Slide Number 14 Slide Number 15 Slide Number 16 Slide Number 17 Slide Number 18 Slide Number 19 Slide Number 20 Slide Number 21 Slide Number 22 Slide Number 23 Slide Number 24 Slide Number 25