POWERED BY MOMENTUM MEDIA
Connecting super to infrastructure investment key to lifting economy
Superannuation investors should look into infrastructure to improve the county's economy and productivity, according to Industry Super Australia (ISA).
By teaming up with governments infrastructure investors can help community challenges and opportunities of long term public-private partnerships in funding, financing, and operating critical infrastructure, said the superannuation body.
"With pension assets now exceeding $33 trillion globally and Australia's domestic superannuation savings pool nearly $2 trillion, they are the single largest pool of managed funds," chair of ISA, Peter Collins, said.
"Connecting these funds to infrastructure projects will improve services and dramatically energise the economy."
Speaking at a symposium in Canberra Collins said that using the ‘invested bid model', would increase financial options available to governments, enhance competition and deliver better value for money for tax payers.
"The inverted bid model is designed to address barriers to entry for long term equity investors into greenfield infrastructure projects and aims to ensure a long term equity partner — such as a super fund," Collins said.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
