RARE’s Infrastructure Income Fund has been added to BT Wrap, with the investment manager saying the fund is now available across a wide suite of platforms due to adviser demand.
The fund is also available on Panorama, Asgard, Xplore Wealth, HUB24, Netwealth, Powerwrap and Praemium.
RARE reported as at 30 June, units in the fund (Class A) recorded an average income distribution of 6.8 per cent per annum and a total return of 10.8 per cent per annum over three years.
“The investment objective of the Income Fund is to provide investors with a regular and stable income of 5 per cent plus per annum through an investment cycle comprised of dividends, distributions and interest, plus capital growth from a portfolio of global listed infrastructure securities,” Shane Hurst, portfolio manager at RARE, said.
The fund is ideal for the current environment in the late stages of the economic cycle, RARE added, with increasing market volatility, lower economic growth and greater uncertainty.
The income fund invests in infrastructure companies with the aim to provide more predictable cash flows, even during market slowdown or recession.
The fund’s holdings are diversified across regions and infrastructure sectors, RARE noted. Electricity is the largest single sector, making up 50 per cent of the portfolio, while the US and Canada are the single largest region at 37 per cent.
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