ASIC lifts ban on covered short selling of financial securities
25 May 2009
ASIC today said it would lift the current ban on covered short selling of financial securities from 10am on 25 May 2009.
Key details
Covered short sales of financial securities will be permitted from opening of trade from 10am on 25 May 2009.
The daily reporting of gross short sales will continue as will the publication to the market of aggregate short sales the day after trading.
Full details are available in ASIC’s media release.
The Perpetual Funds where short selling in financial securities is again permitted are:| Fund | How available? |
| Perpetual SHARE-PLUS Long-Short Fund | Perpetual WealthFocus Investment Funds, Perpetual WealthFocus Investment Advantage, Super Plan & Pension Plan |
| Perpetual Wholesale SHARE-PLUS Long-Short Fund | Perpetual Wholesale Funds |
| Perpetual's QI Long Short Fund | Institutional investors only |
| Perpetual's QI Market Neutral Fund | Institutional investors only |
