Found this article on the web so we might be in for another strong day unless they complete the buying yesterday.
Super funds pour in $8b, keeping shares on the boil
January 31, 2007
THE sharemarket closed at fresh highs yesterday despite falls among the big miners.
Aequs Securities institutional dealer Ric Klusman said the market had performed very well, thanks to money from superannuation funds pouring in.
"It's been stunning. Commodities are down across the board. Everything is sharply up except BHP Billiton and Rio Tinto," Mr Klusman said.
"October-November-December superannuation funds - $8 billion in cash - hit the market this week. It had to be invested before the end of the month."
Mr Klusman said investors were piling into the banks, property trusts and developers.
end of month super buying
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