The First Sentier Responsible Listed Infrastructure Fund (NZ PIE) has been awarded a “5 IP” rating from Research IP, with a score of 4.26/5.
The First Sentier Responsible Listed Infrastructure Fund (“the Fund”) is a managed investment scheme. The Fund invests in shares of listed companies around the world that own or operate infrastructure assets. The infrastructure sector includes operating assets from the transport, utilities, energy and communications sectors. The assets held by these companies typically offer high barriers to entry, pricing power, and structural growth. The strategy is based on active, bottom-up security selection, which seeks to identify mispricing.
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Research IP says
“The Manager demonstrates a disciplined approach to investment in infrastructure. Due diligence through direct engagement with companies and industry players is a key attribute of the management of this strategy. Research IP believes investors who are seeking an active management approach combined with integration of ESG factors should consider this strategy. The investment process includes Sustainability Analysis, which assesses each company’s contribution to sustainable development by mapping its capex against the United Nations Sustainable Development Goals. This is a core component of the Fund’s investment process and of its ESG credentials.”
“The Manager’s responsible investment approach to the asset class dates back to 2007 with integration of ESG factors. The Manager is a member of the Net Zero Asset Managers Initiative with a commitment to Net Zero 2050.”
“Research IP stresses the importance of Sherlock implementing the responsible investment aspects of the Fund. Research IP believes Sherlock demonstrates a well-practised understanding of ESG considerations across listed infrastructure assets. She employs within the process a sustainability model which assesses each company’s contribution to sustainable development by mapping its capex against the United Nations Sustainable Development Goals. This, in conjunction with models that rank stocks on the basis of Quality and Value are key determinants of stock selection for the portfolio.”
Research IP, 24 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.