I would go as far as to say that Glaucus could say Macquarie and...

I would go as far as to say that Glaucus could say Macquarie and the SP would fall 10-20% no probs. They have now opened up a Pandora's box of how assets are valued and the whole fees structure, not at all helped with the bombshells being dropped at the RC into banking, AMP first cab....tip of iceberg stuff. I am staying right away from investment funds, even Challenger has fallen from 14 to 10 something bucks.
Over 50% of US money is in ETF's, managed funds are so yesterday and is it any wonder why.