Managers were attracted to Australia by the size of the domestic investment market, its stable economy and political system, the sophistication of the funds management industry and its accommodating business environment. The size of the investment market, and the skills demonstrated by its participants, were the strongest drawcards. Interestingly, lifestyle was not a major attraction. Other countries in the region also held strong drawcards, chiefly the size of their investment pools, their tax system and rates, and legal and regulatory frameworks. Despite the offers of government assistance being made by other Asia- Pacific jurisdictions, respondents said such help would not be a key factor in their decisions. Opportunity Australia is run by Conexus Financial, publisher of Investment & Technology, and is supported by Austrade.
30/11/2009
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Investments
The outgoing chief investment officer of AustralianSuper Mark Delaney said one of the biggest regrets he will have as he leaves the $410 billion fund is not going overweight on the AI and digital thematic in public markets sooner, as the nation’s most powerful allocator reflects on the investment case of the technology sector in the superannuation summit in New York last week.
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