Very interesting article today in the SMH....I have attached...

Very interesting article today in the SMH....I have attached relevant info:

The catalyst is a change, effective July 1, to the list of eligible investments for foreigners to qualify for the significant investor visa (SIV). While the minimum amount of $5 million stays the same, the investment mix will shift from government bonds and residential property to a minimum 40 per cent weighting to high risk equity investments.

No less than $1.5 million will have to be invested in managed funds or listed investment companies that invest in ASX-listed emerging companies. Part of this requirement is that the managed fund must dedicate at least 80 per cent of its assets to firms with a market capitalisation of less than $500 million.

Given recent demand, Goldman Sachs equity strategist Matthew Ross estimates that up to 2000 of significant investor visas could be taken up a year. That would equate to annual capital inflows of $10 billion, of which about $3 billion would be invested in those ASX-listed "emerging companies".

At the moment we are included in both the S&P/ASX Emerging Companies Index & All Ordinaries Index......surely if money starts to flow into the fund managers as expected we will be on their radar.

OMG what a Bonanza for the ASX small cap Sector .. this is a Brilliant Move by GOV !!