First State Global Infrastructure Fund
December 21st, 2007
This is a new fund signalling a fresh opportunity for our investment clients.
The fund aims to deliver inflation protected income and steady capital growth from infrastructure assets including airports, toll roads, ports and pipelines around the world. These assets typically operate in a less competitive environment and can offer predictable cash flows.
The manager can choose from a range of about 900 companies, but will only invest in around 40. This is called a ‘high conviction’ approach. First State’s parent company in Australia has a long history of infrastructure investing and managed such portfolios for pension funds since 1994. If you are an investor seeking income, this fund currently pays an income of 3.7% pa gross.
To invest in this fund or for more information, please call a member of our Investments Team, get in touch online or invest online now via our Fund Supermarket.
Author: Philippa Gee
December 21st, 2007
Category: Fund News, Investments.
