Investors still believe in the UK real economy
Despite Brexit, investors still believe in the UK real economy and ranked this market third, after the US and Australia, for countries with the most potential for private infrastructure over five years, according to the EDHEC Infrastructure Institute survey.
According to the one of the largest infrastructure investor surveys, Brexit had barely impacted the UK’s top investment destination status for infrastructure investors.
This was a strong signal that long-term investors would continue to believe in the credibility of the UK infrastructure sector and the viability of the British economy in the medium term.
EDHECinfra director, Frederic Blanc-Brude, said: “Perhaps 'no deal' is a good deal for infrastructure investors. This survey combines the opinions of large, sophisticated institutional investors that have to take a view on post-Brexit UK.
“Together, the asset owners alone represent more than 10 per cent of global assets under management.
“The UK has long been one of the most active markets for infrastructure investment and represents one third of the EDHECinfra Broad Market Equity Index Universe of unlisted infrastructure companies,” he said.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.