Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

First State wins first infrastructure mandate in North America

First State wins first infrastructure mandate in North America

First State Investments has been awarded infrastructure mandates by institutional investor Russell Investments worth over half a billion dollars.

The group has been included on Russell Investment's global infrastructure multi-manager platform and has secured mandates across the US, Canada and also Australia.

The new mandates, which will be run by the group's Citywire A-rated manager Peter Meany who manages its First State Global Listed Infrastructure fund, are the infrastructure team's first in North American and the firm's overall largest win in the region.

Commenting on the win, Peter Meany said since the launch of the Ucits-compliant fund in 2008, markets have been impacted by periods of volatility and uncertainty.

'The outlook for global listed infrastructure remains positive,' said Meany. 'The sector offers structural growth, real income and lower volatility. Our fund has seen increasing demand from investors wanting to move cash back into equity markets without adding significant risk.'

Since the launch of the First State Global Listed Infrastructure fund in July 2008, it has posted returns of 25.06% while its Citywire benchmark, UBS Global Infrastructure & Utilities 50-50 TR, has risen 18.76% in euro terms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Thailand 2016

    Citywire Thailand 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Paris 2015

    Citywire Paris 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Global New Ideas 2015

    Citywire Global New Ideas 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Berlin 2015

    Citywire Berlin 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015

  • Citywire Alternative Ucits Retreat 2015

    Citywire Alternative Ucits Retreat 2015