Investors with self-managed superannuation funds (SMSFs) have increased their allocation to equities from 32% in December 2008 to 42% in December 2009 and reduced their allocation to cash.
According to a Multiport survey, over the last six months SMSFs reduced their cash holdings from 28% to 22%.
"The cash built up over 2008 and remained that way in the first half of 2009, then commenced a shift into equities in good correlation to the rising market over recent months," Multiport chief executive John Mcllroy said.
"The average SMSF still has cash of around $190,000 ready to invest, so there is room for further substantial changes in market participation if greater stability is seen in sharemarkets."
