Australian investors, including SMSFs, remain underexposed to global stocks and consequently could be missing out on returns, according to one fund manager.
SMSF investors who are “significantly underexposed” to the international share market may be missing out on value and growth not easily available on the ASX, said fund manager Insync.
“Notably absent from the local stock market [are] leading global technology stocks, leading global healthcare stocks, global consumer brands or Asian exposed high growth industrial stocks, just to name a few,” said Insync.
Insync also noted commodity prices have adjusted as the mining boom slows and the level of supply increases.
“A question that investors should be asking themselves is where growth will come from going forward if the mining sector is not the driver,” said Insync.