By Scott Murdoch <\/p>\n
SYDNEY, July 9 (Reuters) – Australia’s largest pension fund, AustralianSuper, \u200csaid on Thursday it would \u200cinvest a further A$500 million ($346 million) in India’s \u200bNational Investment and Infrastructure Fund (NIIF). <\/p>\n
\u2022 The fund said the investment would come on top of the A$240 million \u200cit committed seven \u2060years ago. <\/p>\n
\u2022 AustralianSuper will now hold A$3.3 billion worth of \u2060investments in India. <\/p>\n
\u2022 Indian Prime Minister Narendra Modi is in Melbourne \u200band will \u200bbe meeting with \u200bAustralian CEOs at \u200ca business forum on Thursday. <\/p>\n
\u2022 The NIIF was created in 2015 to attract global investment into the country’s infrastructure development. <\/p>\n
\u2022 AustralianSuper said its original \u200cNIIF investment had been \u200bone of the fund’s \u200bbest performing \u200binfrastructure investments. <\/p>\n
\u2022 The fund’s \u200cexisting Indian holdings range \u200bacross infrastructure, \u200bequities and private market investments. <\/p>\n
\u2022 AustralianSuper has A$410 billion worth of \u200bfunds under \u200cmanagement. <\/p>\n
($1 = 1.4432 Australian dollars) <\/p>\n
(Reporting by \u200bScott Murdoch; Editing by Nia Williams \u200band Sonali Paul) <\/p>\n","protected":false},"excerpt":{"rendered":"By Scott Murdoch SYDNEY, July 9 (Reuters) – Australia’s largest pension fund, AustralianSuper, \u200csaid on Thursday it would…\n","protected":false},"author":2,"featured_media":681521,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[428,181804,84,4176,227514,3720,227516,227515,45730,4174,4175,56,54,55],"class_list":["post-681520","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-australia","tag-australiansuper","tag-business","tag-finance","tag-infrastructure-fund","tag-narendra-modi","tag-national-investment","tag-niif","tag-pension-fund","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/681520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=681520"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/681520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/681521"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=681520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=681520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=681520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}