Videos | May 26, 2016
Peter Meany, Head of Global Listed Infrastructure Securities and Trent Koch, Portfolio Manager provide an update on the fund's performance throughout the first quarter.
Why invest in Global Listed Infrastructure?
- Over the past
decade global listed infrastructure has delivered higher returns than global
equities with a lower level of risk. These highly attractive risk-adjusted
returns have been underpinned by assets with high barriers to entry, strong
pricing power, predictable cash flows and sustainable growth.
nature of infrastructure assets means they are typically able to increase
prices in line with inflation, providing a stable and growing distribution
yield over time.
- Infrastructure can offer diversification benefits to
an investment portfolio. Underpinned by structural growth and inflation
protected income, global listed infrastructure has delivered higher returns
with lower risk than global equities.
team, established process
- Our Global Listed Infrastructure
Securities team combines specialised knowledge with a globally consistent,
disciplined investment process that is solely focussed on infrastructure. First
State Investments has a long history of infrastructure investment, with
investments in direct infrastructure since 1994.
- We are pragmatic in
our approach to investing and seek to exploit market inefficiencies by
combining attractive value with superior quality characteristics. The Fund
employs an active, bottom-up security selection process that aims to exploit
market inefficiencies. The team also makes more than 500 company visits each
year to ensure right stock selection decisions.
- We believe best
investment ideas should create a portfolio not a benchmark. We target stocks
where the market underestimates the level and quality of sustainable free cash
flows. Through this, we seek to earn excess returns by employing a rigorous
stock selection process – leading to high conviction stock positions – with
strict portfolio management risk controls.