Super funds support short selling ban

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AUSTRALIA - Investment managers and superannuation funds by and large support the Australian Securities and Investment Commission's (ASIC) decision to suspend short selling of all ASX-listed securities for 30 days, saying that extraordinary events require extraordinary measures.

While most professionals say it is too soon to definitively say what the medium and long term ramifications of the ban will be, in the short term, there is no need for alarm or sudden changes to pr...

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