Legal & General Investment Management (LGIM) has launched Legal & General Global Infrastructure Index Fund, a UCITS compliant Unit Trust.
The fund provides an opportunity to invest in global listed infrastructure in a cost effective and liquid index solution, and aims to offer both income and capital growth to investors by tracking the performance of the FTSE Global Core Infrastructure Index.
The Legal & General Global Infrastructure Index Fund comprises more than 200 index constituent holdings from more than 30 countries, providing a broad exposure to listed companies that own, operate, manage or maintain essential infrastructure across a range of sectors, including utilities, industrials, and oil and gas.
“Infrastructure assets such as roads, railways and pipelines are essential for our economies to function,” said Honor Solomon, head of retail, EMEA, at LGIM. “An attractive combination of capital growth and a stable income stream, in many cases linked to inflation, has meant listed infrastructure has become increasingly popular with investors.”
Justin Onuekwusi, multi-asset fund manager at LGI, added, “Listed infrastructure is an important asset class in a multi-asset portfolio. Over the long-term, it has delivered attractive risk-adjusted returns, which complements a diversified portfolio. Together with its attractive yield and defensive characteristics, the asset class is a mainstay holding across our £45 billion [$63.6 billion] multi-asset fund range.”
