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Australia Future Fund on track to become the Australia’s biggest landlord

Australian Business reports, “In 2020, the Future Fund will be Australia’s biggest property landlord as the $67 billion listed property trust sector cedes its dominance to big sovereign wealth funds and super fund investors. Among other big trends, the property industry will be grappling with population growth, an ageing population, climate change and the challenge to supply infrastructure. In Australia, the annual population growth rate doubled in the past 10 years to 443,000 in the year to June. At the same time, the country attracted 290,000 migrants in net terms.

“I don’t think that will significantly ease up,” demographer Bernard Salt says.

This month, Prime Minister Kevin Rudd announced state governments and local councils will have to agree to better standards of planning in capital cities to qualify for future federal infrastructure funding to ensure they can properly handle growth, with the population set to reach 35 million by 2049. In the corporate world, analysts expect big superannuation funds and the increasingly dominant sovereign wealth funds to become landlords of much more property. The race is already on for Australian property companies to snag these big-ticket investors as partners. Lend Lease chief executive Steve McCann and his team are in the box seat as retail property fund manager for Australia’s $64 billion Future Fund with a joint bid to take over ING’s unlisted $1.4bn retail fund.”

read more: Australian Business

UNICEF and NBIM to Host Meetings on Children’s Human Rights

The United Nations Children’s Fund (UNICEF), a United Nations programme headquartered in New York City, has partnered with Norges Bank Investment Management (NBIM) to facilitate a series of meetings between companies to discuss issues surrounding children’s human rights.

According to the news release, “the network will facilitate dialogue between leading brands and retailers in the garment and footwear industry to strengthen children’s rights.”

NBIM is invested in many listed companies and have invited them to join a network to tackle these issues. Over the next two years, the organizations plan to hold three workshops as well as quarterly meetings surrounding these issues.

“Over time, we hope and expect that the network will contribute to improved market practices among companies and greater respect for children’s rights,” says Carine Smith Ihenacho, Global Head of Ownership Strategies, in a NBIM press release.

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SouthGobi’s CEO Arrested, CIC Struggles with Investment

The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Qatar Central Bank Deals with MSCI

MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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