The Distillery: Westfield checkout

One jotter ponder Westfield's motives in the US, while another says SMSF adventurers consistently outperform.

It’s a bit of a mixed bag for this morning’s Distillery, or should we say a cocktail rather than a straight scotch? Westfield’s latest asset sales lead us off, with the Lowy family executing a very deliberate plan to reshape the stock. Also, Australia’s self-managed superannuants are showing themselves to be more than capable of matching it with, and often outperforming, the big super funds.

Fairfax’s Adele Ferguson writes that Westfield’s latest sale of US shopping centre assets is part of a “grand plan” from the Lowy family to bump up return on equity and turn the company into a growth stock.


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