Industry Super Funds will invest to supercharge Australia’s economic rebuild
Wednesday 14 May 2020
Industry SuperFunds will invest tens of billions in Australia’s economic recovery with the aim to create or support many thousands of jobs in the years ahead.
Not only has the superannuation sector paid out about $10 billion to members who need to access their super now, they plan to invest tens of billions more in Australian business, equities, property and infrastructure, investments that support the economy and drive growth and job creation.
Collectively Industry SuperFunds own $80 billion in Australian infrastructure, property, and other assets. One year’s capital expenditure on infrastructure created or supported 46,000 jobs.