Investors are increasingly recognising the importance of diversification to balance investment risks and capitalise on robust international growth opportunities. Leveraging advanced SMSF administration tools, such as Class Super, enables seamless integration of foreign assets into portfolios.
After the onslaught of the Global Financial Crisis in 2007-2008, Australian investors turned their back on international assets and instead focused their attention on local investments. It wasn’t until late 2011/2012 that confidence levels started to lift. Since then, demand for foreign assets has been steadily increasing, further bolstered by growing concerns about a slowing Australian economy. This trend underscores the need for efficient trust accounting solutions to manage the complexities associated with international investments.
However, despite the clear and growing demand, challenges persist, notably the complexity and time involved in accounting for foreign assets. Utilising Class SMSF Administration Software can streamline these processes, ensuring compliance and efficiency in managing international investments.
You can read further information on the trend towards diversification, including key industry stats, challenges and a proposed solution to accounting for foreign assets in the Class white paper “Automating Foreign Investment Transactions”.
