Govt should protect Australian infrastructure assets
Governments and superannuation funds should join hands to keep Australian infrastructure assets in the hands of locals, according to Mark Vaile, director on the investment committee for Palisade Investment Partners infrastructure fund.
He said governments could take on more risk to meet super funds halfway by either underwriting returns at the 10-year government bond rate with a set return floor, or by offering a "liquidity window" for the super fund to draw on to alleviate overprovision of capital.
While Australians are looking for infrastructure opportunities overseas, foreign investors are also targeting Australian assets, Vaile said.
"It would be a shame if the Government can't work together with Australian superannuation funds to keep assets in the hands of Australians," he said.
Speaking at SuperRatings' Day of Confrontation conference, Vaile said Garry Weaven from Industry Funds Management had the right idea - to create a partnership model for private entities to bid for assets at the planning stage.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The super fund has launched Retirement Manager, a digital advice tool helping members plan income, spending, and retirement confidence with integrated support.
APRA has warned retail super trustees that financial adviser involvement in recommending platform products does not diminish their obligations, as regulators turned the spotlight on the Shield Master Fund and First Guardian Master Fund during a meeting with fund CEOs.
AMP’s chief economist has unveiled a wish list for the Australian government’s Economic Reform Roundtable.
Australian retirees could increase their projected annual incomes between 3 and 51 per cent by incorporating personal and household data into their retirement income strategies, according to new research.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
