OECD: Australian retirement most exposed to share risk but returns not stellar
Australian superannuation funds have a much higher exposure to volatile share markets than almost any comparable country without earning higher returns, according to new figures.
The OECD’s annual Pension Markets in Focus report has found that Australia’s pension (superannuation) system had 51 per cent of its assets in shares in June 2016, more than twice the weighting of Canada, with 23 per cent.
The US had 31 per cent, the UK 14 per cent and Denmark 22 per cent.
Conversely, Australian pension funds invest considerably less in bonds than their international counterparts with only a 10 per cent exposure in 2015-6 – that compared with 23 per cent for Canada, 31 per cent for Denmark and 25 per cent for the UK.
Read more @The New Daily
