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| Fund Overview | The fund will be managed as a single portfolio of listed global infrastructure securities including regulated utilities in gas, electricity and water, transport infrastructure such as airports, ports, road and rail as well as communication assets such as the towers and satellite sectors. The portfolio is intended to have exposure to both developed and emerging market opportunities, with country risk assessed internally before any investment is considered. The maximum absolute position of an individual stock is 7% of the fund. |
| Manager Comments | The strongest performer for May was Chinese gas distributor, Chinese Resources Gas up 16.9% on strong volume outlook The weakest performer in May was Indonesian toll road operator Jas Marga down 4.8% as a result of general market volatility with fundamentals unchanged. 4D continue to position for economic recovery, with infrastructure an integral component of that global bounce back. They believe there remains a raft of attractive investment opportunities on offer in the sector. |
| More Information |
