I'm surprised the team at IFN haven't already released a statement about yesterday. Checking OZL today they have nipped speculation in the bud. Something gets printed, they responded. The most I can make sense of this is that it is the Brookfield exit. The share numbers match.
Australian Ethical Investments Ltd. (Investment Management)
50,478,162
5.25%
4
MLC Investments Ltd.
46,808,382
4.86%
5
Vinva Investment Management Ltd.
45,960,229
4.78%
6
Colonial First State Asset Management (Australia) Ltd.
36,022,766
3.74%
7
Fidelity Management & Research Co.
19,251,666
2.00%
8
The Vanguard Group, Inc.
17,052,865
1.77%
9
Westchester Capital Management LLC
13,363,226
1.39%
Fortunately Brookfield Capital and Brookfield Asset operate as separate entities. So I dont expect to see the departure of both. I'm glad MUFG is making in roads into Aust Renewables thats for sure.
Utilities are always seen as a recession proof investment, akin to bonds.
IFN Price at posting:
69.5¢ Sentiment: Hold Disclosure: Held
