THE VIEWS OF THESE PEOPLE DRIVE $30B WORTH OF INVESTMENT IN AUSTRALIA 2019
Below are few headline learnings from the Australian Investment Council (formerly the Australian Private Equity & Venture Capital Association) Annual Conference.
Economists – Economic outlook for Australia, no recession but we will experience an extended period of very low growth. By 2050 the biggest economy in the world will be India. Best investment opportunity? Services to middle class in Asian economies
Future fund – Already returned more than $100b since inception 13yrs ago. Not bound by geography, its investing in the best ideas in the world.
Global investors – in 10-15yrs all companies will not only have Financial accounts but will also have sustainability accounts which be required by investors and regulators. Finland wind park energy production now price competitive with coal. Need to make listed companies more entrepreneurial again.
AIC Chairman – organisation realigned in light of global megatrends in private equity
Private equity managers reported an average return of 12.4% per annum as of 2018. Top sectors were IT, food, agribusiness and healthcare.
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