A breach of trust? Private asset ownership in KiwiSaver
On the surface, the case for investment in long-term infrastructure assets appears compelling. Infrastructure projects are long-term, defensive investments that often come with monopolistic characteristics.
Historically, many infrastructure projects have offered compelling rates of return.
Auckland alone is estimated to need $7 billion in infrastructure spending over the coming decade as the city expands by the size of Tauranga every three years (1).
KiwiSaver, being a long-term investment vehicle with over $46 billion in funds, appears well placed to help fund these projects.
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