This has been discussed before... as a fund manager, Ausbil has unlisted unit trusts that it manages and has control over whether or not it lends its stocks (if I recall correctly, Ausbil doesn’t lend out its stocks).
It also manages separate accounts for large asset owners such as industry super funds, the terms of which are subject to a management agreement. In this situation, the asset owner’s custodian administers a stock loan program to enhance income. Ausbil doesn’t control the stock loan decision for those stocks held in separate accounts and it is highly likely that these holdings have been lent out, given the relatively high demand for borrow in GXY.
GXY Price at posting:
$1.40 Sentiment: None Disclosure: Not Held
