The head of the Canada Pension Plan Investment Board (CPPIB) this week told Reuters he sees opportunities in the U.S. after Donald Trump’s win on Tuesday.
Particularly intriguing for CPPIB chief Mark Wiseman was Trump’s promise of massive infrastructure spending.
He also identified Trump’s commitment to spend big on infrastructure as a potential opportunity for investors.
“There’s a lot of expectation of increased fiscal stimulus, less regulation, more economic activity, that’s getting priced in here and that’s obviously helping the value of the assets that we own in the country and we would expect it will throw up some interesting opportunities over time,” Machin said.
Machin added that the expectation for rising interest rates in the U.S. was something that the CPPIB had been “anticipating for quite a time”.
“The market’s moving towards where we’ve had some positioning,” he said.
Machin said CPPIB, the world’s third biggest infrastructure investor, would be keen to invest in more U.S. infrastructure projects.
“We’d very much welcome more infrastructure opportunities. That’s terrific for us,” he said.