POWERED BY MOMENTUM MEDIA
Govt urged to act on infrastructure investment
Former Federal Treasury secretary Ken Henry has joined with superannuation executives in calling for an approach by Government which encourages investment in infrastructure.
Addressing an Association of Superannuation Funds of Australia (ASFA) "Investment Interchange" event in Wollongong last week, the now chairman of the SMART Infrastructure Facility Advisory Council, Henry said a national approach to infrastructure investment needed to be adopted.
At the same time, ASFA director of investments Gordon Noble said a pathway needed to be created to facilitate investment in infrastructure.
"One of the key challenges the investment community faces globally is its all-too-often passive culture," he said. "With super funds showing more interest than ever before in investing in infrastructure projects and governments increasingly willing to let the private sector step in, now is the time to start a dialogue about how this can be modeled in a way that delivers the best outcomes for fund members."
The former Financial Services Minister and Parliamentary ALP leadership aspirant, Bill Shorten, last week canvassed adjusting the tax regime to encourage superannuation fund investment in infrastructure.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
