ETFs – Exchange Traded Funds?
Betashares started another ETF (see MTUM) and it currently holds CBA. Betashares holds CBA in multiple ETFs. It won’t be long before an ETF company like B becomes a significant holder (>5%) of many ASX large cap companies.
Will they know this if it happens? Will they disclose this to the ASX?
How long before the ETF industry holds more than 15% of an ASX large cap and asks for a seat on the board?
I suppose we can already wonder if a large superannuation company doesn’t already own more than 5% of a large cap ASX company and the whole industry could hold a few seats on company boards.
