Individual investor portfolio performance in retirement savings accounts

Su (Sally) Gan, Richard Heaney and Paul Gerrans

Australian Journal of Management, 2015, vol. 40, issue 4, 652-671

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 (search for similar items in EconPapers)
JEL-codes: E21 G11 G23 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:40:y:2015:i:4:p:652-671

DOI: 10.1177/0312896214528187

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