Pension fund AustralianSuper said on Wednesday if Glencore decides to list shares on the Australian stock exchange, it would be “positive” for both the exchange and the Swiss-based commodities trader and miner.
“If they were to list here we think it would be positive for Glencore and for the Australian stock exchange,” AustralianSuper portfolio manager Luke Smith said at the Australian Financial Review mining summit in Perth.
The move will suit Glencore because “we believe the Australian share market is the best and most informed mining share market in the world,” Smith said, adding the fund had discussed the topic with Glencore.
Reuters
