Do you hold Commonwealth Bank of Australia in your SMSF?

AMP Limited (ASX:AMP) has released the results of its latest survey into the SMSF industry and the most commonly held stock was Commonwealth Bank of Australia (ASX:CBA).

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The latest quarterly report from Multiport, a leading specialist Self-Managed Super Fund (SMSF) and managed account administration provider which is owned by AMP Limited (ASX: AMP) has revealed how a cross-section of SMSF investors, who collectively manage over $2.5 billion in funds are investing their savings.

Here are some of the key findings:

  • The allocation to cash and fixed interest declined by 1% to 29.6%
  • The ten most commonly held stocks were:
  1. Commonwealth Bank of Australia (ASX: CBA)
  2. Westpac Banking Corp (ASX: WBC)
  3. Australia and New Zealand Banking Group (ASX: ANZ)
  4. Telstra Corporation Ltd (ASX: TLS)
  5. BHP Billiton Limited (ASX: BHP)
  6. National Australia Bank Ltd. (ASX: NAB)
  7. Woolworths Limited (ASX: WOW)
  8. Wesfarmers Ltd (ASX: WES)
  9. Woodside Petroleum Limited (ASX: WPL)
  10. Vanguard MSCI Australian Large Companies Index EFT (ASX: VLC)
  • The sample of SMSFs reported an increased exposure to international equities with their portfolio allocation increasing from 12.5% to 14.4%.
  • The exposure to managed funds also showed an overall increase from 19.5% to 20.5% but interestingly the use of fund managers declined for Australian equities but increased for international equities.

Key takeaways:

For savvy investors looking for ways to utilise the above finding one of the key takeaways would be that there is a growing demand for the services of global equity fund managers.

On the ASX there are two highly regarded fund managers who both specialise in international equities, namely Platinum Asset Management Limited (ASX: PTM) and Magellan Financial Group Ltd (ASX: MFG). Both stocks could arguably enjoy positive tailwinds for many years to come and be worth considering for your portfolio.

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »