LGIM launches first listed infrastructure UK Ucits index fund
Legal & General Investment Management (LGIM) has announced the launch of the Legal & General Global Infrastructure Index fund, a Ucits compliant Unit Trust.
The fund provides an opportunity to invest in global listed infrastructure in a cost effective and liquid index solution, and aims to offer both income and capital growth to investors by tracking the performance of the FTSE Global Core Infrastructure Index.
The Legal & General Global Infrastructure Index fund comprises over 200 index constituent holdings from over 30 countries, providing a broad exposure to listed companies that own, operate, manage or maintain essential infrastructure across a range of sectors, including utilities, industrials, and oil and gas.
Honor Solomon, head of Retail, EMEA, at LGIM, commented: “Infrastructure assets such as roads, railways and pipelines are essential for our economies to function. An attractive combination of capital growth and a stable income stream, in many cases linked to inflation, has meant listed infrastructure has become increasingly popular with investors.
“This fund provides high-quality exposure across a broad range of asset classes which advisers and investors can use as building blocks for constructing portfolios. Given its modest correlation with traditional asset classes such as equities, credit, and government bonds, listed infrastructure can also be a useful diversifier.”