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| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
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| Inception Date | |
| FUM (millions) | |
| Fund Overview | The fund will be managed as a single portfolio of listed global infrastructure securities including regulated utilities in gas, electricity and water, transport infrastructure such as airports, ports, road and rail as well as communication assets such as the towers and satellite sectors. The portfolio is intended to have exposure to both developed and emerging market opportunities, with country risk assessed internally before any investment is considered. The maximum absolute position of an individual stock is 7% of the fund. |
| Manager Comments | By contrast, the exposure to LatAm suffered a hit in May from its Brazilian names impacted by corruption concerns surrounding the Temer Government and how this could derail Brazil's macro recovery story. However, the worst performer on a one month view was OHL Mexico, down 10.4%. The Fund continues to remain overweight European and emerging markets but has increased its presence in the USA at the expense of Australian names that hit valuation targets. The investment team continues to have a positive outlook for global listed infrastructure (GLI) over the medium term, due to a number of powerful macro forces that support the sector. |
| More Information |
