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One would think that if the All Ords was going to be a bit shaky into 2008 then fund managers would look at CEU because:

1. Quality infrastructure asset;
2. Good dividend yield;
3. Steady and verifiable income streams.

You can get about 6.7% on your money with the CEU distribution fully tax deferred at current stock prices which is better than at the bank (assume 7.7% term deposit - you lose 30%+ in taxes making a net rate of only about 5.4% at a tax rate of 30c).