I am not a AU resident, but did participate in the voluntary RRSP/TFSA scheme in Canada, which is similar to Super. What sets those apart is that in AU, Super is mandatory while in other countries I know, people can opt out of them by choice. This will be a significant boost to all fund management firms in AU and I am betting on this sector with 50% of assets in FID, which has the best management and greatest growth potential, in my opinion of course. I already held this for 4 years and added a lot along the way. Good luck to all longs
FID Price at posting:
$5.02 Sentiment: Hold Disclosure: Held
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