The existential risk Australia’s rock star investors are facing
If fund managers cannot work this one out, they could be gone before the problem gets a chance to fix itself. Small shareholders and even super funds would be worse off.
It’s a terrible time of year to run a stock portfolio. The sun’s out, the cricket’s on, the kids are out of school, yet share prices are jumping around and there’s not much anyone can do about it.
The best thing to do is look away. This was a week for the computers to trade among themselves – no more than $2.5 billion of stock has traded a day, less than half a quiet session at any other time of year.
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
