ANZ Investments has launched a fund that will invest in global infrastructure assets, including sectors such as transportation, communications, electricity and water.
The OneAnswer International Listed Infrastructure Fund gives investors access to an actively managed portfolio of international listed infrastructure companies.
These companies provide exposure to physical assets that communities and economies require to function, such as water, gas and electricity distribution assets, airports, toll-roads and telecommunication networks.
“Infrastructure is very much in the spotlight at present, with many global governments having made significant funding commitments to this sector in response to the COVID-19 pandemic,” said Paul Huxford, ANZ Investments Chief Investment Officer.
“Investing in infrastructure assets gets economies moving and is essential for economic growth and creating jobs. While building and maintaining these assets can cost a lot, the rewards for investors who are prepared to invest for the long term can be significant.”
The fund invests into an underlying fund managed by ANZ Investments, with Sydney-based fund manager Maple-Brown Abbott Limited appointed to manage the strategy.
“Maple-Brown Abbott was appointed in 2019 to manage international listed infrastructure for ANZ Investments’ multi-asset-class KiwiSaver and investment funds. The creation of this retail fund is a natural next step for us, offering external advisers this asset class within a well-priced, tax-efficient PIE,” Mr Huxford said.