Super funds would be liquidating holdings that were bought 5-6 years before and more so not to lose money.
Another headache is that the banks may not give a dividend over the coming 12 months. They are in discussions with Apra over that. Super funds with large bank holdings that rely on income from dividends could be hit twice. Once through loss of dividend income streams and the likely resultant loss of share value reducing the Superfunds value.
It's just begun. Picking through the rubble of the aftermath.
