Cash-rich Australian pension funds to chase overseas bets as domestic options dry up

Cash-rich Australian pension funds to chase overseas bets as domestic options dry up

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Australian pension funds are sitting on an A$245 billion ($167.38 billion) ‘wall of money’ that will probably flow overseas because of a lack of domestic options, asset managers say.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter