In Australia 9% of our personal income is deposited each week into a superannuation fund by our employer there are around 500 Super funds operating in this country total worth is around 2 trillion dollars. Superannuation funds invest money in many different ways, around 20% of it is invested in Australian shares through the asx and about 90% of that in invested in the ASX 200. Orocobre is about to enter the ASX 200 so I am expecting funds to be buying and I am hoping that it will create upward pressure on the share price, it may even scare away the shorts for a while.
ORE Price at posting:
$3.98 Sentiment: Hold Disclosure: Held