How ‘self managed’ are Self Managed Superannuation Funds?

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With the 2010 superannuation peak ‘season’ now passed it’s tempting for many Australians to disengage from their super until next June or at least until they get their next fund statement.  The detachment of Australians from their retirement savings is well documented – particularly in younger groups of workers. This begs the question of what […]

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Economic Value Added

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At the heart of successful investing is the question of the valuation of assets. It is often possible to make money from low quality assets if they can be bought cheaply enough, and to lose money on good quality assets if the price paid is too high, but identifying the correct price in advance is […]

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Personal Investment Policy Statements

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It is standard practice for professional fund managers to prepare an Investment Policy Statement (IPS) to guide investment decisions and to force them to be clear about exactly what the investment objectives are, how they are going to be met and how the investments are to be managed.  For similar reasons, self managed superannuation funds […]

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Intestacy

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Each State has its own laws and arrangements that apply when someone dies without a will. The NSW law on intestacy changed on 1 March 2010, and so this is an opportune time to briefly explain the changes for the benefit of NSW advisers and for advisers everywhere to review the importance of ensuring that […]

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The New De Facto Property Laws

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On March 1 we passed the first anniversary of the new laws which affect the property rights of de facto couples when a break-up occurs, so it’s timely to present a reminder of the provisions. The changes affected the way property is divided and maintenance is paid in the event of a separation, including the […]

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Active vs Passive funds – the debate continues…

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Overview The debate over active versus passive management is not a new one. In the 1960s the world saw Eugene Fama develop the theory of the efficient market hypothesis and its role in asset allocation. The argument over whether the market can be beaten has continued to rage worldwide. If capital markets were at equilibrium, […]

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Emerging markets local currency debt: Capitalising on improved sovereign fundamentals

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Emerging markets local currency-denominated debt is a relatively large and liquid asset class that represents some of the most creditworthy emerging market sovereigns, offers two distinct sources of return (currency and local bond yields), and provides the potential to generate equity-like returns without taking on direct equity risk. We expect the sizeable growth differentials between […]

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