First State Global Listed In­fra­struc­ture (B24HJL4)

Shares - - TALKING POINT -

This fund in­vests in a di­ver­si­fied port­fo­lio of global listed in­fra­struc­ture and in­fras­truc­tur­ere­lated stocks.

In­fra­struc­ture as­sets can be at­trac­tive to in­vestors as they in­volve the pro­vi­sion of es­sen­tial ser­vices, en­joy sig­nif­i­cant bar­ri­ers to en­try with a gen­er­ally dom­i­nant mar­ket po­si­tion. They of­ten have lives of 30-plus years, have low on­go­ing op­er­a­tional costs to com­pen­sate for the high upfront costs and de­liver long-term sta­ble cash flows which are of­ten linked to in­fla­tion.

First State’s hold­ings in­clude East Ja­pan Railway and lead­ing North Amer­i­can en­ergy in­fra­struc­ture busi­ness Tran­sCanada. The team be­hind the fund have a big fo­cus on cap­i­tal preser­va­tion. Al­ter­na­tive: Janus Henderson UK Prop­erty PAIF

(BP46GF5). This fund looks to de­liver over the long-term by in­vest­ing in a port­fo­lio of UK com­mer­cial prop­erty built around qual­ity prop­er­ties with re­li­able ten­ants.

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