Australia’s home bias towards local shares is well documented. In fact, the “ASX 2017 Investor Study” shows 75 per cent of Australia’s share owners hold only domestic shares, compared to 11 percent who hold only international shares.

Around one-quarter of all managed accounts opened on the BT Panorama platform are through SMSFs, while funds under administration (FUA) on BT’s broader Panorama managed accounts solution have jumped 250 per cent year on year.