Australia's biggest pension fund mulls US infrastructure buys

SYDNEY (April 11): President Donald Trump’s plan to fix America’s crumbling infrastructure with US$1 trillion ($1.4 trillion) of private and public investment over a decade is drawing interest from 10,000 miles away.

AustralianSuper Pty, Australia’s biggest pension fund with over A$100 billion ($105.5 billion) in assets, is eyeing the US market for infrastructure debt and equity investment prospects, said Mark Delaney, its Melbourne-based chief investment officer.

“Anyone who has traveled to the US would say there are aspects of the infrastructure that could do with updating,” he said in an interview. While the fund is somewhat cautious on valuations, “if there are additional infrastructure opportunities available, we will certainly look at them,” he said.

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