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Australia has a long way to go to catch up to its major trading partners in its planned spend on new infrastructure, notwithstanding Prime Minister Morrison’s pledge of $100 billion over the next 10 years. This should be something for investors to savour, as well as those who benefit from the multiplier effect for employment….
Notwithstanding the political and superannuation industry talk of an infrastructure-led economic recovery in Australia, and elsewhere, the listed infrastructure sector has been looking decidedly unloved of late. And much of the sector’s underperformance against the broader market this year has not been justified in terms of company earnings. Guiseppe Corona, the London-based head of global…