Q: Could you tell me if the American stocks have performed overall better than us in the last 12 months, or will they in the next 12 months, and do you think that in a super fund we should have some exposure to overseas shares at this stage or not?
A: Over the 12 months to 30 June, the Aussie market did a little better (in local currency terms):
- US S&P 500 (total return): 20.60%
- S&P/ASX 200 (total return): 22.75%
Total return includes dividends.