The federal opposition’s policy to scrap excess imputation credit refunds, if implemented, would likely reduce the after-tax returns from Australian shares and, in turn, result in SMSFs changing their investment approach and behaviours.

Investors, particularly retirees, seeking income from their investments have been cautioned to be aware of fake income.

Australian institutional investors are extremely familiar with investing in emerging markets and, particularly, the opportunities they provide at different times in investment cycles to outperform the global developed or Australian markets.