IFM Investors See Huge Opportunity in U.S. Infrastructure Plan
- Australian manager wants part of Trump’s $1.5 trillion plan
- IFM manages about A$105 billion of assets across 18 countries
This article is for subscribers only.
U.S. President Donald Trump’s $1.5 trillion public-works plan is an enormous opportunity for pension investors in infrastructure, albeit a long-term one, according to a major player in Australia’s $2 trillion pension pool.
The U.S. public is cautious about private-sector investment in infrastructure, with good reason in many cases “because a lot of private-sector owners have, frankly, let the community down,” IFM Investors Pty Chief Executive Officer Brett Himbury said at the Bloomberg Invest event in Sydney Wednesday.