‘Big Super’s’ influence grows on the ASX. Should investors worry?
ANALYSIS: When Kiwis invest in companies on the ASX they are investing alongside superannuation funds, many of which are linked to the union movement. Some people think this is a problem.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Jonathan Mitchell.
Australia’s superannuation industry owns around 40% of shares on the Australian Securities Exchange, a percentage forecast to grow to around 60% by 2040.
Right now, that is 40% of the ASX total capitalisation of all stocks which is around A$2.5 trillion ($2.7t), so the super funds own a collective
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