Individual Investor Portfolio Performance in Retirement Savings Accounts

Posted: 15 Jan 2016 Last revised: 24 Jan 2017

See all articles by Su (Sally) Gan

Su (Sally) Gan

The University of Western Australia

Richard A. Heaney

University of Western Australia

Paul Gerrans

The University of Western Australia - UWA Business School

Multiple version iconThere are 2 versions of this paper

Date Written: November 1, 2015

Abstract

We analyse the investment performance of a large sample of individuals investing in discretionary superannuation products offered by a large Australian financial institution. We do not find gender differences as has previously been reported but we do find evidence of a negative relationship between investor age and performance. Those residing in wealthier postcodes perform better. In terms of investment characteristics, wholesale investors perform better whereas those who are the most active perform worse.

Keywords: Household portfolios, investment choice, portfolio performance, retirement savings, superannuation

Suggested Citation

Gan, Su (Sally) and Heaney, Richard A. and Gerrans, Paul, Individual Investor Portfolio Performance in Retirement Savings Accounts (November 1, 2015). Australian Journal of Management, Vol. 40, No. 4, 2015. Available at SSRN: https://ssrn.com/abstract=2715414

Su (Sally) Gan (Contact Author)

The University of Western Australia ( email )

35 Stirling Highway
Crawley, Western Australia 6009
Australia

Richard A. Heaney

University of Western Australia ( email )

Crawley
Perth, Western Australia 6009
Australia
0414700799 (Phone)

Paul Gerrans

The University of Western Australia - UWA Business School ( email )

Crawley, Western Australia 6009
Australia
61 8 64882910 (Phone)

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