Legg Mason has announced the launch of a U.S.-listed infrastructure fund. RARE Global Infrastructure Value Fund is the firm’s first U.S.-listed fund for investors looking to access global infrastructure projects across geographies and sectors. The fund will trade on the NASDAQ exchange under the symbol RGSVX.
According to Legg Mason, the fund is launching at a time when there is growing interest in investing in global infrastructure projects that service communities around the world and help to improve competitiveness of economies by generating high productivity, including creating jobs, while allowing local and national economies to function and prosper. The fund will invest in infrastructure assets such as physical structures, networks, developments and projects including transportation, energy, sewage, communications, water and social services-related projects.
Infrastructure provides lower volatility, attractive income, inflation hedge and increased diversification to investors’ interest and portfolio.
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