Spot on.
Even worse, the Future Fund (FF) selling is a vicious cycle that feeds on itself and can never be broken. The FF is likely trying to be 'market weight' TLS, so given it is already overweight TLS:
1. FF sells to try and reach market weight - response equals fall in TLS share price and TLS becomes a smaller portion of the market index
2. FF needs to get to market weight - back to Step 1.
This will continue even if the market moves higher as with this relentless selling, TLS is likely to become an ever reducing part of the overall index = return to Step 1.
A simple solution - place all politicians super in TLS while the Future Fund is in the process of selling.
OK
future fund, page-9
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.91 | $3.88 | $87.51M | 22.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 163435 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 278633 | 5 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |