Australian Pension Funds Back Away From Trump Infrastructure Bet – Bloomberg

Australian Pension Funds Back Away From Trump Infrastructure Bet  Bloomberg

Australia’s pension funds are scaling back their expectations for U.S. infrastructure investments as the White House and Congress remain deadlocked over how to pay for President Donald Trump’s $2 trillion plan to upgrade bridges and roads. IFM Investors Pty, which manages $90 billion, has spent two years trying to convince U.S. lawmakers to sell assets ranging from airports to toll roads and use the proceeds to build new projects. But with political opposition to asset sales in the U.S. hardening, IFM is shifting its focus to smaller projects that it hopes will demonstrate the benefit of th…

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