FirstChoice WS Pers Super - First Sentier WS Global Listed Infrastructure
Carbon Down, Harden up |
Magellan Sep 2022 Infrastructure Strategy Update |
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/106353-2024-06-22-02:26.pdf |
FUND MANAGER | First Sentier Investors |
ASX Code | |
APIR | FSF0953AU |
ASSET CLASS | INFRASTRUCTURE |
INVESTMENT STYLE | The option invests in shares of infrastructure companies around the world. |
INVESTMENT PROFILE | 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. |
CURRENCY MANAGEMENT | Hedged |
INCEPTION DATE | 19-05-2008 |
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 |
DISTRIBUTION FREQUENCY | Quarterly |
NO. OF HOLDINGS | |
FEES | 1.47% p.a. |
STRUCTURE |
Benefits
Benefits | 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 |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
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. Delve deeper into a global equities exposureBased 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 onOver 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. |
Mandate
Asset Allocation Benchmark 0 -100% Infrastructure securities 90–100% Cash 0–10% |