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Minco Ltd, a large mining company, provides a superannuation fund for its employees. The fund's manager says:

Minco Ltd, a large mining company, provides a superannuation fund for its employees. The fund's manager says: 'We know the mining industry well, so we feel comfortable investing most of the fund in a portfolio of mining company shares'. Advise Minco's employees on whether to endorse the fund's investment policy.

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