We have met this team before, and although the fund is relatively new the strategy focuses very much on the type of business that they represent i.e. sustainable investors. They see infrastructure as the shock absorber within a portfolio of assets. This year when markets were down nearly 30%, this was down around 17%. The fund will lag when markets recover sharply although it is ahead of the index since launch.
In terms of the recent market dislocation the fund recovered from the lows within about 2 weeks, whereas the global markets took a couple of months to reach the same place. This is a defensive fund and the market was quick to see that the companies they invest in will continue to operate and be paid. They believe the fund will recover further….click here