CFS Global Asset Management flags new infrastructure fund
ColonialFirstStateGlobal Asset Management has signalled its intention to launch a new global listed infrastructure fund in the next few months.
Colonial First State chief investment officer David Dixon flagged the company’s intention at the same time as announcing the appointment of former Credit Suisse executive Peter Meany to the new position of head of listed infrastructure securities at CFS.
“Listed infrastructure securities is an emerging specialist asset class that is expected to grow significantly over the coming years, and it is our intention to be a major player in this space,” he said.
Dixon said that while CFS Global Asset Management already had a successful business in the unlisted infrastructure area, investors were increasingly seeking to gain exposure to the asset class through more listed products.
“Reflecting this, CFS Global Asset Management’s intention is to launch a new global listed infrastructure securities fund in the coming months,” he said.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
