Buyers of investment vehicles are whole sale funds. These vehicles because of their market cap and segment get brought by wholesale funds who in turn sell them to your super. The reason? Because it an easy way to diversify instead of buying billions worth of multiple companies. Have you noticed on your super portfolio that it invests in shares, propety( managed investment vehicles), and cash(bank bills).
If anyone is buying in now, they got to see some major fallout in the sector has already happen. Centro,alco and now tricom and opes. Second tier players are getting kicked out. So what happens to their assets? They get sold to companies who can take advantage of it. BNB, MQG, westfield are in good positions to buy.
Is BNB going to recover? Yes
Whats the target? $20 is the 100% fib retracement
How long? How long is a piece of string?
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