I spoke to my broker today and apparently 18 of the top 20 have increased their holdings in the past 12 months. There’s no point guesstimating broker data unless you know what the actual holders are doing. Pershing settle for most of Australia, CS have retail clients just like CommSec have sophisticated investors. You can’t just make sweeping statements, at least IMO.
FWIW my broker is also seriously upbeat about those last ARDS results, particularly as they reconcile with the anecdotal evidence and scientific studies published in the last few weeks.
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