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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 in December was pure play renewable operator EDP Renewables, up +28.4% on the back of increased global stimulus focusing on the green energy transition. The weakest performer was Canadian midstream operator Pembina Pipeline, down -8.5% as the midstream sector remains out of favour as the global focus turns green. 4D continue to position the portfolio for the prevailing economic outlook and infrastructure as a means of a recovery. Despite the challenges faced throughout 2020, the manager remains optimistic about the global economic outlook and the infrastructure asset class for 2021 and beyond. |
| More Information |
