AustralianSuper Says Glencore ASX Listing Would Be Positive
AustralianSuper says a Glencore ASX listing would benefit the bourse and help shares reflect true worth. The fund remains cautious about large mining mergers.
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AustralianSuper says a potential Glencore PLC listing on the Australian Securities Exchange would benefit both the bourse and the Swiss-based miner. The pension fund believes the move would provide better valuation for the company and more choice for domestic investors. A local listing would place the Switzerland-headquartered firm in what portfolio manager Luke Smith calls the most informed mining market globally.
