Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>
Australians’ $4 trillion (US$2.6 trillion) worth of retirement savings could be used as leverage to gain a foothold into the world’s biggest investment market, as industry leaders aim to make a case for more opportunities.
A delegation of Australia’s superannuation leaders, investment managers and peak organisations are in the United States to attend the Super Investment Summit.
There they are expecting to meet with senior officials within President Donald Trump’s administration to discuss further opportunities to invest Australians’ super savings in the U.S., according to Bloomberg.
Australia has the fastest-growing pool of pension funds in the world which is approaching $4.4 trillion (US$2.8 trillion), with analysis from the peak body of superannuation groups projecting the nation will overtake Canada and the UK to become the second largest within the next decade.
The U.S. attracts more than one-third of Australian super investments in the overseas private market, and this is expected to grow from $78 billion (US$49.8 billion) today to $220 billion (US$140.5 billion) by 2035.
But the super funds say deeper collaboration between them and U.S. governments and investors…
