Investing
Australian Pension Funds Offer to Help ‘Supercharge’ the US
- Fund executives met with US officials to deepen ties
- About $400 billion of superannuation capital is invested in US
While Australia has the fourth-largest retirement savings pool globally, the group touts itself as the fastest-growing.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australia’s $2.6 trillion pension fund industry has a message for the US: “We’re ready to invest in America’s future.”
That idea, as well as another — “Let’s supercharge America together” — were broadcast on Thursday at an event hosted by the Australian Consulate-Generate in New York, the fourth day of a summit that began on Monday in Washington D.C. and designed in part to project the nation’s soft power.