First State Investments Limited has launched its newest infrastructure fund, First State Sustainable Listed Infrastructure Fund, as part of its Dublin-domiciled fund range. The fund is designed to meet the growing demand from U.K. and European investors for inflation-protected income and strong capital growth offered by listed infrastructure in a product that also meets their sustainability criteria.
The new fund consists of a high-conviction portfolio of global listed infrastructure stocks and will focus on sustainability, including tailored portfolio construction and active engagement on environmental, social and governance issues.
The fund will mainly invest in utilities, toll roads, passenger and freight rail, ports, airports, energy pipelines and storage facilities, mobile towers, and satellites.
The new fund’s portfolio will be managed by Rebecca Sherlock.
“Infrastructure assets are large-scale, long-life, tangible assets having significant environmental footprints and social licenses to operate,” said Sherlock. “This means that small changes to the way a company operates can have meaningful changes to people, the planet and its ability to generate sustainable economic returns. This fund was developed through our fundamental belief that a focus on sustainability is integral to reducing risk and achieving positive long-term return outcomes.”
