UBS AM and Clarion launch infrastructure fund
UBS Asset Management and CBRE Clarion Securities have launched a new product into the market — the UBS Clarion Global Infrastructure Securities Fund.
Announcing the launch this week, UBS said the product was designed to provide access to investments with a combination of stability, income, and growth that could benefit investors by providing easy access to the infrastructure market and enhanced diversification.
Visiting Australia for the launch of the fund, Clarion's chief investment officer, infrastructure, Jeremy Anagnos, said Australia was ahead of the curve in appreciating and understanding the benefits of investing in core infrastructure companies that own long-duration assets via listed markets.
UBS Asset Management head, Bryce Doherty, said investors were searching for investment opportunities that provided more certainty while still providing growth opportunities.
"Global listed infrastructure stocks are especially attractive to income investors in Australia as they have demonstrated consistent long-term growth with solid yields," he said.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.