FirstChoice WS Pens - First Sentier WS Global Listed Infrastructure
|Carbon Down, Harden up|
About this Fund
|FUND MANAGER||First Sentier Investors|
The option invests in shares of infrastructure companies around the world.
To deliver capital growth and inflationprotected income by investing in a globally diversified portfolio of infrastructure securities. The option aims to outperform the FTSE Global Core Infrastructure 50/50 Index, hedged to Australian dollars, over rolling three-year periods before fees and taxes.
|BENCHMARK||FTSE Global Core Infrastructure 50/50 Index, hedged to Australian dollars|
|FUND SIZE||FTSE Global Core Infrastructure 50/50 Index, hedged to Australian dollars|
|NO. OF HOLDINGS|
Infrastructure provides essential services for the way we live. It also offers investment opportunities as companies look to solve issues around digital connectivity, urban congestion and renewable energy.
|RISK LEVEL||Very High|
Delve deeper into a global equities exposure
Based on our analysis, many global equity managers hold less than 2% of their portfolios in infrastructure assets – and these positions tend to be concentrated in the larger utility names. We have generated much of our alpha from growing mid cap stocks, such as toll roads, oil storage and gas utilities, which are often under-researched by global equity managers.
Infrastructure the world relies on
Over the past 15 years, global listed infrastructure has returned over 3% more than global equities on average with a lower level of volatility.*
These attractive risk-adjusted returns have been delivered by assets with high barriers to entry, strong pricing power, predictable cash flows and sustainable growth.
The option invests in shares of infrastructure companies around the world. The infrastructure sector includes operating assets from the transport, utilities, energy and communications sectors. The assets held by these companies typically offer high barriers to entry, pricing power, and structural growth. The strategy is based on active, bottom-up security selection which seeks to identify mispricing. The option seeks to minimise risk through on-the-ground research, focus on quality and sensible portfolio construction. This option aims to hedge its currency exposure.
Infrastructure securities 100%
Infrastructure securities 90% - 100%
Cash 0% - 10%