A KPMG tax partner has applied a MySuper-style asset allocation philosophy to punting ahead of today’s ‘race that stops the nation’.
KPMG tax partner Damian Ryan has been given the task of developing a low cost “MyMelbourneCup product” – a default betting option with a diversified investment option akin to MySuper products – and has put together the following asset allocation for today’s race at Flemington:
Similarly, my advice to the investment managers within each sector is that:
So with this in mind (and having to come up with my selections prior to the final field being declared before Derby Day), my MyMelbourneCup default option is as follows:
Good luck and happy punting”.
Mr Ryan added that the “guide is of a general nature only and should not be relied on”.
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