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 November 2009 00:11
inform, develop, henry, office, pacific, australia’s, regional, taxation, respondents, comparative, drawcards, strengths
Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
Leave a Comment
You must be logged in to post a comment.