Interesting some of the commentary here and in the news.
People see an opportunity to bag the industry funds, completely ignoring the fact that the same problems that occur there,and the request for liquidity help , is also coming from the retail funds.
Now, don't care too much, except that if they have problems, then my asx focused SMSF values will get trashed. By accident I have plenty of cash in that, and will benefit by being able to buy cheaper shares.
In the end the government will intervene to prevent me taking advantage of what they see as exceptional
circumstances.
Expect limits on super withdrawals and switching?
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- RBA to bail out industry super funds
RBA to bail out industry super funds, page-30
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