Why CBA and not WBC... First things first it is not a zero sum game. I myself have both in the portfolio. Having one doesn't mean I have no preference for the other.
Second and far more important is that CBA has Salience (game theory). You can ask the same question why Coca Cola and not Pepsi. At the end of the day the Substitute Good theory will only go so far on whatever metric you put it against.. Price, Earnings etc....
Third because they (Superfunds mainly) have a mountain of cash coming in day in day out from members. These Superfunds desperately need retail to sell. Buying something else outside and risk underperforming when your mandate is to beat the ASX200 index using only ASX companies is a sure way to lose your gravy train cushy job.
Expect funds to chase Financials, IT and Consumer Desc until other sectors get on firm footing.
My two cents or is that 3
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Last
$182.53 |
Change
-0.320(0.18%) |
Mkt cap ! $305.4B | |||
| Open | High | Low | Value | Volume |
| $182.51 | $183.00 | $180.13 | $1.091B | 6.388M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400 | $182.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $182.55 | 3394 | 1 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |