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The Fund offers UK investors an opportunity to access a diversified portfolio of typically 40 to 50 infrastructure securities and aims to provide a total return consisting of income and capital growth.
Macquarie believes that superior performance comes from a systematic, bottom-up approach to identifying long-term value in infrastructure companies. Our disciplined investment process seeks to generate results by selecting companies that demonstrate sustainable and predictable income, defined revenues that may be regulated and inflation-linked, and a strategic competitive advantage or significant barrier to entry.
More about the Fund and asset class
In this section, find further information on:
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What is infrastructure?
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Why invest in infrastructure securities?
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Fund’s investment objective
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Fund suitability
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Macquarie's investment team
The product profile includes further information on global prospects, past performance of the relevant index, portfolio manager outlook, country and sector allocations, as well as key features.
You can also find out about Macquarie's credentials and there’s more information in our Guide to Diversification Alternatives.
What is infrastructure?
Infrastructure can be defined as companies, facilities and networks that provide essential services to the community such as water, roads, airports and energy distribution.
Infrastructure extends across a number of distinct sectors ranging from social infrastructure (such as schools and hospitals) through to commercially competitive infrastructure (such as telecommunications).
Why invest in infrastructure securities?
Increasingly, investors are recognising that infrastructure assets typically exhibit desirable investment characteristics including:
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basic, irreplaceable and essential services with inelastic demand profile
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near monopolistic assets with high barriers to entry providing predictable income and growth
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long-term growth correlated with GDP and revenue correlated with inflation in some instances.
Fund’s investment objective
The Fund aims to provide investors with a total return over the medium-to-long term consisting of income and capital growth. Note that the actual return may differ materially.
Fund suitability
The Fund may be suitable for investors seeking to:
- produce long-term income combined with growth potential
- further diversify an existing portfolio comprised of equity and bond assets
- generate potential inflation-linked returns from a securitised portfolio of real assets.
Macquarie's investment team
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The Fund is managed by Justin Lannen, who has 10 years of investment experience, including seven years in the infrastructure and utilities sectors. Justin works closely with the Chief Investment Officer of Macquarie's infrastructure securities business, Jon Fitch, who has 20 years of business experience.
Our investment team consists of four portfolio managers and seven analysts dedicated to researching the global listed infrastructure securities universe and constructing well diversified portfolios.
We currently manage global infrastructure securities portfolios for retail and institutional clients in the UK, US, Canada, Australia and Asia totalling more than £1.7 billion (as at 31 December 2007) of funds under management.
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Investment risks
The investments described on this website are intended to be long term. As a result of market fluctuations, the value of investments and the income derived from them can fall as well as rise and investors may not get back the amount originally invested.
For further information on the risks associated with the Funds, please refer to either the Simplified or Full Prospectus which can be obtained by calling 0845 608 0948 or downloading a copy from the Adviser support page on this website.
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