Asia investors eyeing infrastructure, says wealth manager

Sydney

RECORD low yields and negative interest rates are pushing investors from Japan to China into funding infrastructure projects across the globe to bolster ailing income, according to Australia's biggest listed wealth manager AMP Ltd.

Asian pension funds and insurers are ramping up investments in infrastructure debt around the world including mezzanine offerings as they seek to combat waning returns from traditional fixed income assets, said Kerry Ching, managing director for Asia of the company's investment arm, AMP Capital Investors. The number of Asian investors in AMP's infrastructure debt strategies has more than tripled since 2012.