My wife and I are aged 70. We have a self-managed super fund, which only has real estate assets plus a small cash deposit of $200,000, which I would like to invest in shares (for diversification purposes).

As I know nothing about the sharemarket, I would like to invest this money into a major super fund. However, I’m having trouble finding one that accepts deposits and membership from an SMSF.

Can you please steer us in the right direction?

Diversification is a good idea. This helps reduce the overall risk of your superannuation portfolio.

Similarly, if you are not confident about shares yourself, using a professional fund manager is also a good idea.

Self-managed super funds (SMSFs) are the investment structure, and not generally a type of super fund that can invest in another fund.

However, a handful of super fund providers do allow SMSF trustees to access specific assets or investment expertise from their platforms.

I’m not aware of all the super funds that offer this. As I work with industry super funds, I am aware that Hostplus has a specific solution........

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