as long as mandated, Super is a never ending source of extra money as long as the demographic curve is right..
so just slower growth but growth anyway at this stage recession or economic collapse does not even matter for them
Most liked posts in thread: AEF - Australian Ethical Investment
- mangojoe likes this.
@qldfrog You don't think this will put a lot of pressure on super funds for the near and mid-term future?
Sure, they will survive but as a stock holder, one could jump shipqldfrog likes this.
G'day all, I'm new here and still consider myself a beginner with stocks, so bare with me. I'm just wondering what am I missing about this stock.
I understand that green investing is getting more and more popular now and many Aussies may make the switch to this super fund. They had positive news with funds under management up 21% (reported in October). Dividends increased by 25%. Though these good news are not new, recent years were similar.
Though like already said in this thread since July the stock has more than doubled with a real spurt the past weeks. PE ratio is at 64. The stock however is not making much news or getting coverage at all. But still there seems to be a hype. Are people/institutions dropping other finance stocks in favor of AEF? Is this overheating?
I couldn't find recent analysis of the stock. It was in the news for it's super fund here though:
Analysis of April: https://www.fool.com.au/2019/04/17/...estments-share-price-is-now-up-7x-in-5-years/
Do not worry for super funds as a whole...but yes hospitality super funds will be hit, or airlines etc