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SMSFs looking to infrastructure investments
In addition to their usual blue-chip stocks in finances, resources and retail, self-managed superannuation fund (SMSF) investors showed new interest in Transurban last month, suggesting they were starting to take infrastructure assets more seriously.
When compiling research on the top 10 stocks held by SMSFs as at 30 June, 2018, SuperConcepts saw Transurban pop onto the list for the first time. While it ultimately dropped to 11th position, SuperConcepts executive manager of SMSF technical and strategic services, Phil LaGreca, still found it “fascinating but not surprising”.
“Infrastructure is an attractive investment for SMSFs because they typically provide long term returns, and we’re seeing that recognised by others such as the Canada Pension Fund which also just invested in WestConnex,” he said.
“The prevailing attitude is ‘why buy a product or service when you can buy the Infrastructure?’”
Transurban already owned seven of Sydney’s nine toll roads and was recently successful in buying a 51 per cent stake in a $17 billion Government infrastructure project.
The final list of the most commonly held (meaning funds invested in) shares by SMSFs at the end of last final year was:
- Westpac Banking Corporation
- Commonwealth Bank Limited
- BHP Billiton Limited
- ANZ Limited
- National Australia Bank Limited
- CSL Limited
- Wesfarmers Limited
- Telstra Corporation Ltd
- Macquarie Group Limited
- Woolworths Limited.
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