After a few weeks of late nights and early mornings catching up with the World Cup only to see the Australian Team drop out of contention I was looking to see if any lessons can be learned from the World Cup experience. Even-though the Socceroos did so much better than expected they were faced with teams from countries with much more talent, focus on football and monetary support behind them and we often find the same when comparing the Australian investment scene with markets overseas.
Here is a great little video on “Home Country Bias” by Franklin Templeton Investments that I just had to share.
In Australia there are a number of excellent reasons to have a bias to Australian Investments for Self Managed Super Fund trustees and franking credits is one of them as well as the tendency for our companies to pay higher dividends in general than their overseas counterparts. See The added value of franking credits in a SMSF Portfolio for more details.
I explore the need for asset allocation to International shares and the effects of home country bias in more detail in this article SMSFs – allocation to international shares
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Liam Shorte B.Bus SSA™ AFP
SMSF Specialist Advisor™ & Financial Planner
Tel: 02 8853 6833, Mobile: 0413 936 299
liam@verante.com.au
PO Box 6002 BHBC, Baulkham Hills NSW 2153
Liam Shorte is a partner in VERANTE Financial Planning, Corporate Authorised Representative of Genesys Wealth Advisers Limited, Licence No 232686, Genesys Wealth Advisers Limited ABN 20 060 778 216 • AFSL No.232686
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