Australian Pensions to Invest in Foreign Infrastructure Assets
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A lack of suitable Australian infrastructure for sale is encouraging the country’s pension funds to invest in foreign assets, including in China and Europe, according to an association representing the funds.
“The returns from many pieces, from brownfield Australian infrastructure, are poor and they are lumpy,” Association of Superannuation Funds of Australia Chief Executive Pauline Vamos said in an interview in Sydney on April 15, referring to infrastructure already in operation. The funds are instead looking at assets with steady returns and will continue to invest in “China, Poland, Europe, the U.K., everywhere.”