foxoff, agree BIG super funds wouldn't have FNT in their portfolios, but my SMSF certainly has and it's currently runing at about 7% of total fund assets! And given there are only 2 members, we don't give a rats about liquidity! But it probably explains why our SMSF returned consistently over 30% pa during the last few years while the big boys have gone backwards! They are totally risk averse, not worth the fees they collect along the way!
quarterlys, page-17
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