Hockey announces Indonesia infrastructure financing plan
The newly-elected government has taken the first steps towards a regional infrastructure financing market with Indonesia, it announced last week.
At the APEC Finance Ministers' meeting in Bali, treasurer Joe Hockey outlined plans to build a private partnership centre in Jakarta to support infrastructure investment, which would be bolstered by an advisory panel made up of finance experts from APEC economies.
He said it would help to deliver an estimated $8 trillion to Asian economies by 2020 by offering "more stable" investment flows.
"These key initiatives target the major infrastructure problem in the region, where economically viable projects fail to attract adequate funding from investors," Hockey said.
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
