On any given day, there are more dollars traded in Apple stock in the United States than on the entire Australian stock market. It’s no wonder then that over 85 per cent of overseas shares bought by Australians are US purchases. A figure this high would indicate a keen appetite for overseas investing. But when it comes to SMSFs, in my opinion, the numbers are worryingly low.

Advisers can take advantage of valuation disparities in the markets, but must keep diversification in mind to limit correlated alpha clusters in investor portfolios, according to Antipodes Partners.