Thought time to start new thread. Others getting long. Interesting article in Huntleys yesterday about Self Managed funds and the BIG 5 stocks ie 4 banks and Telstra. Apparently Self Managed Funds have increased their hold on the banks from 28% of the market to 52% of market!! Telstra wasn't mentioned in terms of holdings. This is amazing and explain it all SMF are going for yield but I had NO idea how big they are. The other one is CSL (very overpriced but is SAID to be growth stock and exchange rate effects profits). These investors do not sell easily and ARE GEARED by loans against house (legal). What does it mean for the market? More stable highr priced banks and Telstra, hence hedge funds have come SO... short shorting Australian banks in last 2 years. Interesting to think of implications of all this money in super.
