| A worse than expected global commodity price slump has dampened local sharemarket returns, prompting superannuation funds to switch money into international shares and alternative assets. "Lots of investors re-positioned themselves this time last year ahead of an expected continued downturn in iron ore, coal and oil prices but even many of them have been surprised by how hard the sell-off has been," NAB Asset Management portfolio adviser John Owen said.
"Global equities have significantly outperformed over the past three years and offer more opportunities for diversification away from the local market that is dominated by banks and miners."..............................................Full Article: Source
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