An SMSF is required to have a written investment strategy. This sets out how investment decisions will be made and what type of investments will be considered and includes:
An investment strategy may be designed for the fund as a whole, or separate investment strategies may be designed specifically for individual members. The investment strategy and how the SMSF’s investments compare to the investment strategy, should be reviewed at least every year.
Trustees may wish to develop the strategy themselves or seek the assistance of a qualified and experienced financial adviser.
It is not necessary to list names of any specific investment in the investment strategy, just the guidelines for how to invest, the range of the portfolio that will be invested in each asset class and the fund’s objectives.