The Ausbil Global Essential Infrastructure Fund has been awarded a “5 IP” rating from Research IP, with a score of 4.28/5.
The Ausbil Global Essential Infrastructure Fund provides exposure to a benchmark unaware, high conviction, and concentrated portfolio, predominantly made up of global listed infrastructure securities, while not hedging the Fund’s currency exposure back to Australian Dollars.
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Research IP says
“The essential infrastructure universe defined by Ausbil is smaller than the ‘core infrastructure’ universe. The Manager’s universe includes airports, mobile phone towers, water utilities, toll roads, regulated utilities, and regulated & contracted pipelines. Note the exclusion of rail (paid on volume), midstream (commodity sensitivity), and ports (paid on volume). An outcome of this on the portfolio is less market risk, less cyclicality, and a lower correlation to equities. Of note for New Zealand investors, none of the New Zealand utilities meet the Manager’s definition of essential infrastructure.”
“Integration of ESG factors occurs multiple times through the investment process, with ‘impact’ and ‘engagement’ fundamental to the analysis.“
“The global infrastructure team of four has been stable since they all joined Ausbil in 2018. Tim Humphreys leads the team, with Jonathan Reyes as Co-Head. Research IP notes that Humphreys and Reyes worked together at AMP Capital for over 10 years together prior to Ausbil. Both have 14-15 years of experience focused on global listed infrastructure.”
Research IP, 22 April 2024
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Disclaimer, Disclosures and Warnings
Research IP strongly recommends this document and report be read in conjunction with the relevant Product Disclosure Statement. Research IP gives no warranty of accuracy or completeness of information in this document. Any information, opinions, views or recommendations are general information only and do not take into consideration any person’s particular financial situation or goals and therefore does not constitute financial advice. This document should not be relied upon as a substitute for financial advice from your financial adviser.
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