Australian superannuation fund awards mandate to invest in listed infra

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Australian superannuation fund awards mandate to invest in listed infra

Colonial First State Global Asset Management (CFSGAM) announced in late January that it has been awarded a A$100million global listed Infrastructure mandate from VicSuper.

VicSuper is a not-for-profit superannuation fund for Australians.

Any person in Australia can join VicSuper, regardless of whether they are employed by a VicSuper participating employer.

The allocation to VicSuper's real assets strategy reflected CFSGAM's highly experienced listed infrastructure team, the rigour of their security-selection process and their integrated approach to environmental, social and corporate governance (ESG) issues.

Head of Global Listed Infrastructure, Peter Meany said he was delighted to be awarded this mandate from VicSuper.

"Market volatility of recent years has presented our team with a unique opportunity to highlight the defensive nature of this asset class, our skills as active managers and our disciplined approach to investing. We are delighted that our capabilities have been recognised by another highly regarded institutional investor."

Now in their seventh year of operation, the global listed infrastructure team have delivered positive outcomes for clients. The Colonial First State Wholesale Global Listed Infrastructure Securities Fund has consistently outperformed its benchmark by 3.4% pa since inception. Today, CFSGAM manages over A$4 billion in listed infrastructure on behalf of institutional and wholesale clients worldwide.

Peter Meany said:

"The outlook for Global Listed Infrastructure remains positive. The sector offers structural growth, real income and lower volatility. We have seen increasing demand from investors globally, who want to move cash back into equity markets without adding significant risk.

The fund invests in a wide range of global listed infrastructure assets including toll roads, airports, ports, railroads, utilities, pipelines, energy storage, mobile towers and satellites. These sectors share common characteristics, in particular barriers to entry and pricing power, which can provide investors with inflation-protected income and strong capital growth over the medium-term.

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