Super funds at risk as war triggers ‘overcrowding’ of the ASX

Fears of a drawn-out war in the Middle East has prompted investors to pile into Australia’s biggest companies at the fastest rate since the global financial crisis, reigniting concern that superannuation money is far too concentrated in a select group of ASX-listed stocks.

In just four months, the concentration or combined weighting of the 10 largest stocks on the S&P/ASX 200 Index has shot up to 49.2 per cent from 45.6 per cent, according to data compiled by VanEck. That is faster than during the COVID-19 pandemic and the first four months of the GFC.

Source: https://www.afr.com/markets/equity-markets/super-funds-at-risk-as-war-triggers-overcrowding-of-the-asx-20260330-p5zjt8