Super funds should make rural investments
AAP
Australian superannuation funds are blind to the potential for good investment returns in rural assets, the deputy prime minister says.
Nationals leader Barnaby Joyce will make the case for more rural investments at a commodities conference in Canberra this week.
"Why is it that people from China, from Canada, from every corner of the world, can see the advantage and we can't see it clearly when it's like the nose in front of our face?" he told ABC TV.
Advertisement
He pointed out there was a total of $2 trillion in super funds but only 0.3 per cent was invested in the rural portfolio.
Share a tip-off, video or photo with us
Most viewed in Australia
Australian woman who died after falling from cliff near Bali was Queensland ecologist
PM ‘stunned’ over Pauline Hanson’s attack on his late mother
Six years ago, Australia had a $38 billion early super experiment. It didn’t go to plan
Tony Abbott’s ex-chief of staff says she wanted Julia Gillard to succeed