I had a phone call from my Industry Super fund in response to my email.
I was told that my understanding of the hypothetical case is correct!
They are simply relying on their liquidity that they hold to buffer the unit price!
So these applicants get their $10 grand and we will possibly subsidise it, depending on which type of investment they hold!
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- RBA to bail out industry super funds
I had a phone call from my Industry Super fund in response to my...
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