OZ investors have been traditionally more conservative....

OZ investors have been traditionally more conservative. Especially at a time when MANY local companies are below their book values.

Chinese economy is facing difficulties this year due to higher inflation and slower growth. Aggressive interest hike cycle is only just about to start, local share market I expect has at least has another 10-20% to fall. In the mean time, there is no way for AGF holder to redempt.