we should be buying with our ears pinned back, page-18

re:funds sitting in cash sitting on the sideline

here is a bar chart from the abs



Superannuation funds

The total unconsolidated assets of superannuation funds held outside life offices was $984.1b at 30 September 2009, an increase of $89.1b (10%) on the revised June quarter 2009 figure of $895.0b. Major increases were recorded in equities and units in trusts, up $68.0b (17%); assets overseas, up $14.2b (10%); long term securities, up $5.2b (11%); land and buildings, up $1.7b (3%); and loans and placements, up $0.8b (9%). This was offset by a decrease in other financial assets, down $1.8b (6%).


from this chart it looks like they have about $1000bn
and $200bn is in cash

funds usually have 5% in cash

another 15% has to go in as far as I can see

original document here