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1.Market Observations, 2.Strategy, 8.Was Sticky

16 June 2017 (TheAge,SMH) – Superannuation deadline sees ‘huge inflow of cash into equities’, says Richard Coppleson

(16 June 2017, The Age, BusinessDay, p25, Myriam Robin)

‘Voluntary contributions into superannuation funds doubled between April to May, and are so far having another strong month as investors race to beat a deadline on low-tax superannuation concessions, according to one of the country’s largest superannuation managers. Superannuation experts said there was no doubt this would have some impact on the Australian market, but largely downplayed its immediate significance, after one veteran trader drew attention to the “huge inflows of cash” entering the Australian bourse in the next few days.’

Read more at SMH.com.au

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