Document Type

Conference Proceeding

Publisher

Curtin Business School

Faculty

Business and Law

School

Accounting, Finance and Economics

RAS ID

5071

Comments

This article was originally published as: Gerrans, P. A., Clark-Murphy, M. C., & Speelman, C. P. (2006). Asset allocation and age effects in superannuation investment choice. Proceedings of 35th Australian Conference of Economists. (pp. 1-33). Perth. Curtin Business School. Original article available here

Abstract

This paper examines the asset allocation decisions of the members of three Australian superannuation funds which have combined assets of $23.7 billion and 1.3 million members. The Superannuation Guarantee has made Australian employees compulsory investors. Conventional wisdom seems to suggest that individuals allocate less to risky assets as they age whereas investments theory has provided conflicting advice. This paper provides a preliminary examination of how the investment strategy and asset allocation choices of members make may change with age.

 
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