9 August 2016

Maple-Brown Abbott’s focused approach to global listed infrastructure strongly supported by research houses

Ironbark Asset Management is delighted to announce that the Maple-Brown Abbott Global Listed Infrastructure (‘GLI’) Fund (‘Fund’) has been upgraded to ‘Highly Recommended’ by Zenith Partners1.

The positive news is reinforced with a retained ‘4 Star Superior’ rating from SQM Research2 and a retained ‘Recommended’ from Lonsec3. These strong ratings were awarded to both the currency hedged and unhedged versions of the GLI Fund.

Ironbark Asset Management’s Head of Distribution, Alex Donald commented, “The Maple-Brown Abbott GLI Fund has received considerable support not only from research houses, but across major wealth groups and platforms. This response is testament to the calibre of the investment team and their proven track record of investing across a range of market conditions”.

Donald continues, “The demand for defensive investment solutions has never been greater. Whilst there are a number of listed infrastructure products in this space; we see the Fund as a truly differentiated offering that benefits from a tightened definition of infrastructure and ample capacity”.

As noted in the Fund report, “Zenith believes that the application of the team’s stringent definition of infrastructure ensures that the Fund is positioned as largely a purist exposure to the asset class”. The GLI Fund seeks to invest in companies that best demonstrate inflation protection, lower volatility of cash flows, a high level of corporate governance and management expertise.

The GLI Fund is headed up by highly experienced Head of Global Listed Infrastructure, Andrew Maple-Brown, who “Zenith has a high regard for… owing to his portfolio management skills and broader business acumen”, the report said.  All members of the portfolio management team have previously worked together, which Zenith viewed “as a positive, believing this is indicative of a commonly held set of beliefs”.

Since inception in 2012, the unhedged Fund has outperformed its benchmark by 16.7% on an annualised basis. Over the same period the Fund has exhibited less volatility (10.6%) than broader equity markets such as the S&P 500 (13.0%) and the MSCI World (12.6%)*.

The strategy has over AUD$1 billion of assets under management across both hedged and unhedged options, with both the hedged and unhedged Funds being available across a range of retail platforms.

09 August 2016

 

 

*Source: Maple-Brown Abbott; MSCI; S&P Dow Jones Indices, as at 30 June 2016. Fund performance refers to inception of Maple-Brown Abbott Global Listed Infrastructure Fund (Unhedged) from 18 December 2012 to 30 June 2016, in AUD terms. Fund performance is based on the movement in net asset value per unit plus distributions, before tax and net of all fees and charges. The Fund benchmark is the OECD Total Inflation Index plus 5.5% per annum.

 

 

1 The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2016) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.

2 The rating contained in this document is issued by SQM Research Pty Ltd ABN 93 122 592 036. SQM Research is an investment research firm that undertakes research on investment products exclusively for its wholesale clients, utilising a proprietary review and star rating system. The SQM Research star rating system is of a general nature and does not take into account the particular circumstances or needs of any specific person. The rating may be subject to change at any time. Only licensed financial advisers may use the SQM Research star rating system in determining whether an investment is appropriate to a person’s particular circumstances or needs. You should read the product disclosure statement and consult a licensed financial adviser before making an investment decision in relation to this investment product. SQM Research receives a fee from the Fund Manager for the research and rating of the managed investment scheme.

3 The Lonsec Rating (assigned as follows: APIR MPL0006AU – May 2016; APIR MPL0008AU – May 2016) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Maple-Brown Abbott product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings