Zachary May, Executive Director of Strategy and Policy at IFM Investors (IFM), was recently interviewed about IFM’s investment strategy and operations in Korea by The Korea Times.
Founded by 27 Australian industry superannuation funds in 1994, IFM has grown to be one of the world’s largest infrastructure funds, managing US$114.8 billion at the end of 2019. Mr May described IFM as a “pioneer in infrastructure investing” and explained that IFM’s founders pursued this strategy to ensure “the savings of working people…[would contribute to] a better overall standard of living for beneficiaries.” Furthermore, infrastructure investments deliver steady, long-term returns and can help diversify a portfolio as they are not historically correlated with other asset classes.
IFM is an excellent example of Australia-Korea partnerships in the financial services space. Since opening in 2017, IFM’s Seoul office has invested over US$1.2 billion and collaborated with Korean asset managers including Hanwha Asset Management and Samsung Asset Management. Mr May also stated that IFM is always ready to collaborate and share information on their experience managing industry funds with Korean policymakers, who are considering reforming the private pension system.
Click here to read the full email interview.