POWERED BY MOMENTUM MEDIA
Short selling ban extended
The Australian Securities and Investments Commission (ASIC) has extended the ban on covered short selling until November 18.
The regulator announced the extension and said it expected that once it had elapsed the ban would be lifted.
Commenting on the move, AISC chairman Tony D’Aloisio said market conditions since the ban had been imposed remained difficult.
“While the various government actions and packages introduced in Australia are positive developments, they are yet to work through the financial system,” he said.
“The financial markets are still fragile, so we feel the reopening of covered short sales should be done in stages and in a measured way over an extended period [with] regard to systemic issues, particularly for financial stocks,” D’Aloisio said.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
