What do you think will happen once the superfunds own half the ASX?
Share prices rise when there’s more demand for those shares. If more people want to buy, than sell a stock… it rises.
Now if the superfunds are the main buyers of the ASX, does that mean growth via Aus equities will slow down and they will need to look elsewhere like property to maintain that return?
Australian super already gambled on some risky ventures to diversify and made a 1.1 billion loss on private equity.
Also … In the three years AustralianSuper has controlled Indara (radio tower company ) losses have totalled $179.2 million, according to documents filed with the Australian Securities and Investments Commission.
I think another super company made a loss on commercial real estate too.
