Keeli Cambourne / SMSF Advisor
Tim Sullivan, private wealth adviser with Integro Private Wealth, told SMSF Adviser that clients are seeking greater exposure to private markets in search of potentially higher returns and access to a broader investment universe.
Sullivan said the traditional portfolio of listed companies is changing and many industry funds have started to look into alternative assets, particularly private markets, which are also becoming increasingly accessible to the SMSF sector.
Sam Hallinan, partner at Spire Capital, added that the average allocation to private markets and alternatives across industry funds now sits at around 30 per cent and for retail superannuation funds about 15 per cent.
