The prospects of a major investment package into U.S. infrastructure is raising the interest of Asian asset owners, specifically for Korea's Public Officials Benefit Association (Poba), reported AsianInvestor.
Jang Dong-hun, CIO Poba, said President Biden’s plan complements the W14.3 trillion ($12.28 billion) pension fund's focus on North America and Europe when making infrastructure investments.
“During the Trump administration, there was a lot of talk about the US infrastructure plan, but not much happened. The Biden plan is stronger, I think, and more likely to proceed through the Senate and the House," he told AsianInvestor. “The administration’s focus on infrastructure will definitely provide a boost and, as everyone knows, U.S. infrastructure has fallen far behind many