Basu, Anup; Andrews, Stephanie - In: Australian Economic Review 47 (2014) 1, pp. 63-77
type="main" xml:lang="en" <title type="main">Abstract</title> <p>We examine the asset allocation, returns and expenses of superannuation funds whose assets are mainly invested in default investment options. A majority of these funds fail to earn returns commensurate with their asset allocation policy. It appears that much of...</p>