Nearly half of self-managed super funds have exposure to mining giant BHP, analysis of the $892 billion SMSF sector has revealed, as the resources giant marks its second-biggest profit ever and a bumper dividend.
Nearly half of self-managed super funds have exposure to mining giant BHP, analysis of the $892 billion sector has revealed, as theBHP is held by 46.8 per cent of SMSFs, according to software provider Class’ Annual Benchmark Report, which analysed 183,000 funds, or about a third of the total market.
“These events are behind some of the more interesting investment shifts we have seen in SMSF asset holdings year-on-year.”Two-thirds of SMSFs hold the top 20 ASX shares, with the asset type making up 34.5 per cent of their assets. By dollar value, the most invested international share is Apple, making up 6.5 per cent of total SMSF international share investments. Alphabet and Microsoft follow.
“Considering that three of the top five ETFs held by SMSFs have large international exposures, this suggests SMSF investors know that they need greater exposure to global assets. However, they remain very much underweight in this class,” he said.
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