Jul
09
Sell Equities and Turn to Infrastructure, $41 Billion Fund Says
By-
Sunsuper investment chief puts more money into unlisted assets
- Equity valuations getting increasingly stretched, Patrick says
A regional airport in the U.K. and an express railway in Sweden are two places a $41 billion Australian pension fund thinks might be safe from the inevitable end to the economic cycle.
Uncertainty on global trade and a sharper than expected slowdown in China has prompted Sunsuper Pty Ltd. to shift more of its money into infrastructure assets, according to chief investment officer Ian Patrick. Meanwhile, the A$55 billion pension manager that counts staff at Australia’s central bank and Unilever among clients is paring exposure to listed securities including equities as valuations soar, he said…
Sell Equities and Turn to Infrastructure, $41 Billion Fund Says
