Industry super funds will spend billions on infrastructure to create and support jobs as part of Australia’s economic recovery.Industry funds have earmarked more than $28 billion to expand their infrastructure and property holdings and to invest in Australian businesses in an effort to drive jobs growth. “Our funds have been helping members through the tough times and we stand ready to help get them safely back to work and the economy growing again,” said Industry Super Australia (ISA) chair Greg Combet. “We’ve got significant funds available and plans to provide capital to solid Australian businesses and bring forward large investments in major projects and essential infrastructure that will create new jobs and sustain many more.”
WBC Price at posting:
$14.95 Sentiment: Buy Disclosure: Held
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