US manager chooses RARE Infrastructure
US-based fund manager, Principal Funds has chosen RARE Infrastructure to manage its Diversified Real Asset Fund which currently exceeds US$4 billion under management.
RARE’s infrastructure income strategy aimed to provide risk-adjusted returns to equity with a return bias towards income and invest in global listed infrastructure securities in a number of infrastructure sub-sectors and across different geographic regions.
Principal Funds, which has US$142 billion in funds under management (FUM), represented a multi-manager approach, with RARE joining other its suite of manager which included BlackRock, BNP Paribas, Boston Company, Credit Suisse, Macquarie, Pictet, Principal Global Investors, Symphony and Tortoise.
RARE’s chief operating officer, Carl McGann said that this announcement represented an endorsement of RARE’s expertise across the sector and confirmed the firm’s international reputation.
“In most major markets, infrastructure is being seen as an increasingly important sector for portfolio construction for both growth and income. At the same time, there is a global focus on the need for both new assets and renewal of existing assets in developed and developing economies alike,” he said.
AUTHOR
Oksana Patron
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