‘The UK is fast becoming the most exciting and innovative place in the world to invest.’
Australian superannuation fund IFM Investors will pour $19 billion (US$12 billion) into renewable energy and infrastructure projects in the United Kingdom.
IFM Investors, a global investment manager owned by 17 Australian industry super funds, announced on Monday that it had committed to pump almost $6 billion into the large-scale infrastructure in the UK.
Australia’s $3.5 trillion pension industry, also known as superannuation, has seen growing investment in overseas assets in recent years.
IFM Chief Executive David Neal said the partnerships were crucial to channel funding towards the transition to the low carbon economy.
He considered Australia’s superannuation funds system as a “trusted long-term partner with the United Kingdom.”
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