Self-managed superannuation funds with less than $1 million in assets perform 'significantly worse' than institutional funds because investment returns are heavily eroded by the costs of running the fund.
This raises the question of whether creating an SMSF is worth it for most investors.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
