AFR 刚刚发了文章，说HOSTPLUS改写规则，对转换投资选项的，基金有权拒绝，特别是unlisted asset。比如说，你以前有很多房地产的选择，你要是想转成现金选择，基金可以拒绝你。 他们这么做，是怕挤兑的人太多，unlisted asset 无法变现出售。
如果你有很多unlisted asset in Hostplus, 可以考虑转，不然挤兑的人太多，整个基金都会lock-up. 我是100%cash.
Hostplus changes rules to freeze withdrawals, stop cash switching
Joanna MatherSuperannuation writer
Apr 7, 2020 – 12.00am
Hostplus has quietly changed its terms and conditions so it can freeze redemptions and prevent cash switching, as the $50 billion fund faces questions about its capacity to meet what could be an avalanche of requests for up to $20,000 by out-of-work members.
A new clause has been inserted into Hostplus' product disclosure statement that allows the fund to "suspend or restrict applications, switches, redemption and withdrawal requests".
The statement previously assured members that any request to switch investment options received before 4pm on a business day would be processed. Now, the trustee retains "absolute discretion" to disallow the movement of money and warns requests might be processed with "significant delay".
Chris Brycki, the founder of online investment adviser Stockspot, believes the abrupt change occured on Friday night and is concerning for Hostplus members.
"Why would a fund that was confident about it's valuations and liquidity position suddenly add a new term to its product disclosure statement allowing it to 'suspend or restrict redemptions and withdrawals at its absolute discretion'," he said.
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"This move is more typical of a fund preparing to put up the gates. It will not give members confidence in the fund's ability to facilitate redemptions or switches going forward."
Struggle to meet claims
Hostplus draws many of its members from workers in industries that have been hard hit by the downturn, including hospitality and tourism.
The fund last week divulged details of its asset holdings amid claims it might struggle to meet early access claims, disclosing that it has $6 billion in cash and 60 per cent in liquid assets such as shares and bonds.
“We have ample liquidity available to support members undergoing financial hardship," Hostplus chief executive David Elia said in a statement issued on March 30.
For the past several days, the public relations firm engaged by Hostplus has said the fund is not making any comments.
The government has expanded early access to super on compassionate grounds for people made redundant by the coronavirus crisis, as well as sole traders who have experienced a drop in turnover of 20 per cent or more.
Treasury's initial estimate was that members would withdraw up to $27 billion from their retirement savings using the measure.
Estimates within the industry put the figure possibly as high as $50 billion or more. But those projections were devised before the government announced wage subsidies, which may ease demand for early release of super.
Mr Brycki said he had been trying to blow the whistle on the "dangers of unlisted assets in super funds" for years.
"If the unlisted investments have not been properly valued members who transfer into cash or redeem their units at the current price potentially do so at the wrong value," he said.
"The remaining members pay for this as well as suffering their own losses when the unlisted assets are finally revalued down or sold."
Mr Brycki called for laws requiring more frequent "market based" valuations of unlisted assets and more transparency around liquidity.
The former UBS portfolio manager founded Stockspot in 2013 and is an advocate of index investing as a cheaper way to manage super investments.
"The level of secrecy and non-disclosure by public funds has always been unacceptable but it has taken the current crisis to expose it," Mr Brycki said.
He said Stockspot investors were able to get real time details on the value of each exchange-traded fund held on their behalf, as well as the underlying assets.
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也是Hostplus, 同关注
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已经申请提现了
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感谢提醒。
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不太懂，刚看了下是100 balanced
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好像Au super 也有对property 转出来的类似规定，因为投在property 上的资金不会很容易转现。
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这就是政府的昏招，让大家可以从super里取出2万，结果上百亿的资金被取出，基金公司的流动性不够，只能低价斩仓，还不让外资超比例购买，只能下跌。
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前几天收到了它家的邮件，对unlisted assets进行了revaluation，这些资产的价值都贬值了，investment loss又加大了，我的是100%的balanced
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stockpot软文
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https://www.smh.com.au/business/ ... 0200407-p54hqc.html
相似报道。
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關注
是不是全改cash會損失一部分金額？
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關注
是不是全改cash會損失一部分金額？
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不会破产吧？
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现在申请改成100%现金，其实不太好，因为股市已经有稳定上升的趋势。现在变现金，就等于失去机会。问题就是，BALANCE里面有很大一部分（我也不知道）的资产，价格不透明，也许还有下跌的空间，也许想变现金也不能变。如果我现在是100% balance, 我会申请转成20% AU equity, 40% cash, 20% fixed income, 20% international equity. 如果疫情有稳定的趋势，再多转equity. 当然了，每个人的情况不一样，我的建议不能统一照搬。
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不会破产，他们没有贷款。只是不让你把钱拿出来。什么时候给你，估计一年之内吧。
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感觉还有一大波下跌在前面呢。。。
你认为澳洲的经济很强健吗？
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失业的donimo 还没有开始
股市上升？保守估计 直奔4000
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改他家的Choiceplus, 变成现金放在那不炒股就是了。缺点是每年extra 200刀的管理费,如果想求安稳，这点cost不算什么。
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不要瞎提建议，现在还不明朗
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今天一查，下一跳，super这3个月降了一万多
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今天一查，下一跳，super这3个月降了一万多
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非常可能
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我也损失了7500左右
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四月初已经改了cash. 当时损失了很多，本打算再投些钱进去等着抄底换回balance. 这样是说cash 也不是真的cash? 还要跌吗？一定要换成choice plus吗？那样以后再想换回balance不太容易吧？
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我的Australian super这几个月掉了3万，二月份想了下，没转现金，后悔了。
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