Infrastructure opportunity shortage for superannuation funds

22 March 2012
| By Mike |
image
image
expand image

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. 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

3 hours 48 minutes ago

The International Monetary Fund (IMF) has issued a sobering assessment of the global economic landscape in its latest World Economic Outlook, dramatically revised after D...

6 hours ago

Growth from the listed company’s key businesses has propelled Generational Development Group to new milestones in the three months to 31 March....

6 hours 27 minutes ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND