CFS fund goes retail
Peter Meany
ColonialFirstState has opened its Global Listed Infrastructure Fund to retail investors, 12 months after its launch as a wholesale fund.
Opening the fund to retail investors (via the First Choice platform at a minimum $5,000 investment) was based on the “strength of demand”, according to CFS head of listed infrastructure securities Peter Meany.
“I think a lot of retail investors have done well in property over the past 10 years and now that this sector is less certain, they are looking for the next thing,” he said.
“Infrastructure is hitting a lot of buttons for them both as an inflation hedge, when all around them food and energy prices are rising, and as a sector that has a lot of organic growth opportunities.
“Retail investors are also increasingly taking a look at the income generation that is coming out of this sector, and the attractive yield it provides.
“It has given investors a total risk-adjusted return of about 11 per cent over the past 10 years and with typically lower risk than broad equities or emerging markets or commodities, and a gross yield that is often about 4 to 4.5 per cent today."
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