What Stock Did SMSF Trustees Buy More Than Anything Else in 2018?
The first few weeks of the new financial year are often a time of reflection for SMSF trustees as they look back on how their portfolio performed over the previous financial year and begin to reshape their investment strategy moving forward. As part of this process it can often be helpful to look at broader market trends and see how SMSF and non-SMSF investors alike are positioning their portfolios. Interestingly ShareSight has complied a list of the top twenty most traded shares on the Australian and New Zealand stock markets which provides this exact type of broad market insight.
Claiming the number one spot according to ShareSight is Telstra . Perhaps even more interestingly though the majority of the buy orders came on the buy side indicating that perhaps investors were keen to take a small punt on the troubled Telco giant which even now trades on a double digit grossed up dividend yield. A2 milk came in second with just about even action on the buy and sell side which may add further weight to the argument that A2's incredible run up from just 50 cents in 2015. The rest of the top 10 was dominated by the usual suspects including the big 4 banks and Australia's biggest miner BHP. Interestingly lithium miner Galaxy Resources also snuck into the top 10 even with its poor start to the year that has seen the companies share price drop close to 25%. Vanguards Australian and international share ETF offerings also cracked the top 20 coming in at number 9 and 13 respectively. Perhaps unsurprisingly most of the orders placed on Vanguard's ETF where on the buy side as investors built up their core portfolio exposure. Accounting software provider Xero also appeared to punch above its weight as despite only listing in February the company was the 20th most traded security amongst ShareSights users. Afterpay Touch who also recently listed in 2017 made the list as well as investors tried to ride the Fin-Tech startups wave of success which has seen the share price more than triple. since July 2017.
For ShareSights full list of the most traded stocks on ShareSights userbase feel free to follow the link below:
Sources - ShareSight, Yahoo Finance
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