SMSFs double use of retail investment managersBY LAURA MILLAN | FRIDAY, 29 NOV 2013 10:45AMThe number of self-managed super funds (SMSF) using retail investment managers has doubled in the last four years, according Plan for Life research. Related News |
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It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Lies, damn lies and statistics. I am utterly confused.
The article states that the number of SMSFs utilising retail fund managers has doubled yet further down the article indicates that the funds unders adminstration have increased in the 4 years from $21 billion to $42 billion. So I doubt the number of funds has increased by a factor of two.
Now if I assume we are talking about FUA then in 2009 $21bn represented 6.5% of total assets, so if the $42bn represent 8.5% then the market share has not doubled. It has however still grown by about a third of its previous base.