That's a good question. As to proof, it's in the eating of the pudding. Here's the latest Top 20 courtesy of White horse vs the Top 20 as of 21 Sept 2016 from the yearly report:
So the big moves are out of the the Top 20, the main culprit is JP MORGAN followed by Mr Bartter who runs chickens and turkeys when he's not Governor of University of Sydney. He's dumped over 4 mil, but that's what speculators do in general and they will trade on points typically. JP Morgan I imagine were top heavy with 18m in stock. The biggest accumulator (bearing in mind this is only top 20) to get to your question is BNP Paribas ... one of the largest banks in the world. Draw your own conclusions on what that means exactly. Those canny French!
In the last 12 months the top 20 has dropped by 11% , Bonne chance a tous.
That's a good question. As to proof, it's in the eating of the...
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