*why did you post the 20 top CBA shareholders from 2005.*

Quite simple, Sonofgloin. 2005 happens to be they year that came up, when I googled CBA top 20 shareholders. That list showed exactly what I have been claiming, ie that virtually all the top 20 are acting as nominees. Providing those sorts of custodial services is what any major bank does, as part of their business. What the word "nominees" tells you, is that they arn't the actual final owners of the shares.

Banks do more than mom and pop retail banking, Sonofgloin. Providing superannuation services is a big business for them, given the 1.3 trillion $ involved and something like 500'000 super funds operating in Australia.

Many banks directly own super funds, its a lucrative business, charging you 1.5% commission a year, with no risk to them if the sharemarket goes down, as you will wear the loss. Yet on their lending business, they only have a spread of 2%. Meantime the profits that our banks make, don't only come from Australia. They also dominate banking in NZ. But whilst their returns on equity might be healthy, they are nothing amazing compared to other industries and carry lots of risk, as we have seen in Europe and the USA.

Yes Yabby, they are the nominees of the banks that own them...lol, I particularly asked you for no more mumbo jumbo sport, but you persist, good onya.

You gave the example of super funds and their investment in the CBA as the conduit to the banks profits that then fall like raindrops on us all. Did I mention that the AMP is our largest super fund?

THE AMP OWNED 0.73% OF CBA SHARES IN 2010
IN 2005 THEY OWNED 1.10% OF CBA SHARES

Yabby I didn’t write this in capitals because I am shouting, I wrote it in capitals because I fear you have vision impairment, you never seem to see what I write.

You may be literate cobber, but you’re not cognizant at all.

*they are the nominees of the banks that own them...lol*

No Sonofgloin, they are nominees of their customers. As it happens, I run my own super fund. I could transfer that management to any of the banks tomorrow. The shares that I now own directly, would be transferred to that bank as custodians. On the share registery, they would appear as "Xbank Nominees". You would then be claiming that
the banks owned them.

*I’ll give you a tip Yabby. Any money thrown down the throat of a pokie stays in our economy, it’s like welfare money, it boosts the domestic economy.*

LOL Sonofgloin, I had not gotten back to that one yet. No wonder the likes of James Packer see you blokes as sitting ducks and invest ever more in casinos etc. You can't help yourselves!

Australians are so rich that they can afford to be the biggest gamblers in the world, losing around 20 billion a year. If you blokes
invested the money in bluechip shares instead, more and more of Australian assets would be Australian owned, rather than the evil
foreigners that you complain about.

No wonder the rich are getting richer!

It is not relevant that the super investment comes via a super company or a nominee on behalf of the self managed segment my vacant Yabby.

AMP manages 24% of the Australian superannuation market. If the total CBA shares owned by the AMP are 0.73% Yabby, then we can extrapolate that the remaining 76% of the market has a relative investment in CBA shares. Given that the whole Australian super segment including other super companies and NOMINEES must hold as much as 4% of the CBA’s shares.

Who owns a large part of the other 96%, HSBC, JP Morgan, Citicorp…..

Your spin of the CBA being a great benefactor to the battling Aussie is tripe, offal; it’s on the nose sport.

Right now the CBA are paying 0.01% interest on savings accounts with balances up to $49,999

Right now the CBA are charging over 13% interest on personal loans,that is a margin of 1299%.

Right now the CBA are charging up to 21% on credit cards and that is a margin of 2099%

Take money from a box hanging off a wall and it costs $2.50.

Yabby you are definitely living in your own private Idaho.

http://www.triapartners.com/resources/documents/12-04-17_00_Investment_Mergers%20spur%20super%20fund%20growth_17%20April%202012.pdf

Oops Sonofgloin, here is a list of the top 5 super funds. AMP Financial Services has 68 billion or 5% of the market of 1.3 trillion. The top twenty shareholders only tell you how much AMP has directly invested under their name, in CBA. What about their use of
Master trusts, wrap funds, index funds, hedge funds? None of those things would need to appear under their name.

So your 25% of the market, seems to be dreaming.

What most super funds do is spread their assets really thin, over a number of investments, from Australian shares, to international
shares to property funds, or direct property, to bonds. AMP for instance, gives you a choice as to how much risk that you want to take.

The amount that super funds have invested in Australian banks is regularly mentioned in the AFR, but their data is not online, unless you subscribe. Around 30% of super funds are private, like mine.
I've asked my accountant a number of times, where his clients invest.
A third of their investments in the banks is common.