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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 October was Chinese gas distributor ENN Energy Holdings up 16.1% for the month as volumes and growth outlook continue to be positive. The weakest performer in October was Brazilian toll road operator Ecorodovias down 15.6% on no stock specific news. 4D noted the stock has been oversold and this is a buying opportunity. 4D continue to position for the prevailing economic outlook and infrastructure as a means of a recovery as they continue to capitalise on the raft of opportunities currently on offer. |
| More Information |
