Weebit - 2023 and beyond, page-1761

A few years ago, I discovered that my super fund (Unisuper) was lending out shares to shorters, and I complained to them about it. I figured that the shorters would only be wanting to borrow the shares doing it if they systematically made money overall, and that meant my shares held by Unisuper would loose money. Unisuper told me the fee they got from the shorters helped to reduce admin costs for Unisuper. Nevertheless, it seemed to me that I was the chump at the end of the day that would end up effectively paying for the shorters profits. This whole scheme looked to me like a poor choice of strategy for a super fund, supposedly looking after the interests of their members, and I'm sure Unisuper are not the only ones doing it. If these superfunds etc stopped lending out shares, the shorters would have nothing to work with.

All IMHO, DYOR