ANZ Bank in Talks With Australia Pensions on India Investments

Bloomberg04-19

(Bloomberg) -- ANZ Group Holdings Ltd. is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official. Most ...

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Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs. “We are currently in talks with a few Australian pension funds to bring them to India,” Mark Whelan, group executive of institutional at the bank, said in an interview in Mumbai. “We are looking at establishing a holistic business relationship with them.”ANZ will help pension funds by identifying suitable assets as well as connect them to potential investment opportunities as an intermediary, Whelan said, without naming the funds.“Investing in government bonds via foreign portfolio route is an attractive bet for Australian pension funds as Indian sovereign securities are offering 7%-7.50%,” Whelan said. It provides a chance for large Australian pension funds to deploy their capital, h","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","AN3PJ.AU":"AUST & NZ BANKING GROUP","AN3PK.AU":"AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED.","XJO.AU":"标普/澳交所 200指数","BK7135":"综合性银行","XKO.AU":"标普/澳交所 300指数","AN3PI.AU":"AUST & NZ BANKING GROUP","BK7511":"ESG概念","ANZ.AU":"ANZ GROUP HOLDINGS LTD"},"translate_title":"澳新银行与澳大利亚养老金公司就印度投资进行谈判","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":1,"XAO.AU":1,"XJO.AU":1,"XKO.AU":1,"AN3PI.AU":0.9,"AN3PJ.AU":0.9,"AN3PK.AU":0.9},"content_text":"(Bloomberg) -- ANZ Group Holdings Ltd. is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official. \nMost Read from Bloomberg\n\nElon Wants His Money Back\nDubai Grinds to Standstill as Flooding Hits City\nRecord Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding\nSingapore Loses ‘World’s Best Airport’ Crown to Qatar\nRed Lobster Considers Bankruptcy to Deal With Leases and Labor Costs\n\n“We are currently in talks with a few Australian pension funds to bring them to India,” Mark Whelan, group executive of institutional at the bank, said in an interview in Mumbai. “We are looking at establishing a holistic business relationship with them.” \nANZ will help pension funds by identifying suitable assets as well as connect them to potential investment opportunities as an intermediary, Whelan said, without naming the funds. \nIndia’s infrastructure sector is in need of substantial funding, while Australian funds are looking for investment opportunities globally due to limited domestic options. India’s ruling party has committed to prioritize infrastructure in its campaign manifesto as Prime Minister Narendra Modi seeks a third term in elections that kicked off Friday.  \nThe South Asian nation’s infrastructure spending is expected to double, reaching nearly 143 trillion rupees ($1.7 trillion) in the next seven fiscal years through 2030, according to a note from Crisil Ratings. That presents opportunities for Australia’s A$3.7 trillion ($2.4 trillion) pensions industry, the world’s fourth largest. Its assets are projected to more than triple to A$13.6 trillion by 2048, as per a Mercer report.\nAdditionally, Indian government bonds are becoming an attractive investment avenue, as they will be included in JPMorgan Chase & Co.’s flagship emerging markets bond index from June.\n“Investing in government bonds via foreign portfolio route is an attractive bet for Australian pension funds as Indian sovereign securities are offering 7%-7.50%,” Whelan said. It provides a chance for large Australian pension funds to deploy their capital, he added.\nANZ has doubled its capital base in India to A$600 million over the past two years, he said.\nANZ Group Chief Executive Officer Shayne Elliott last month told Bloomberg he aims to grow the firm’s presence in India as customer needs shift with changing global trade patterns. The strategy also includes reducing positions it holds in banks in Malaysia, China and Indonesia.\nMost Read from Bloomberg Businessweek\n\nWhat Really Happens When You Trade In an iPhone at the Apple Store\nRents Are the Fed’s ‘Biggest Stumbling Block’ in Taming US Inflation\nAging Copper Mines Are Turning Into Money Pits Despite Demand\nThe Pentagon Wants to Give Defense Startups a Chance \nFor Multinationals, Africa’s Allure Is Fading\n\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428509973"}