POWERED BY MOMENTUM MEDIA
Infrastructure opportunity shortage for superannuation funds
A lack of funds is not the thing standing in the way of superannuation funds investing in infrastructure - rather, it is a lack of opportunities, according to Industry Funds Management chairman Garry Weaven.
Addressing the Conference of Major Superannuation Funds, Weaven said there was a willingness by Australian superannuation funds to invest in infrastructure, but few opportunities were being made available for them to do so.
He said the last major opportunity for superannuation fund investment in infrastructure had been the sale of a chunk of the Port of Brisbane.
"So shortage of funding is not the problem - shortage of deal flow is the problem," he said.
Earlier, Infrastructure Australia consultant Michael Eyers agreed that deal flows represented a challenge, but argued that it was within the power of superannuation funds to apply pressure to governments.
Both Weaven and Eyers pointed to the various ways in which superannuation funds could pursue infrastructure investments, including by way of public private partnerships and via the sale of existing assets to fund new assets.
AUTHOR
Mike Taylor
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(%)
