RARE expands global reach with appointment by Taiwanese fund manager


RARE Infrastructure, a global listed infrastructure specialist investment manager, has expanded into Taiwan with the appointment by a leading Taiwanese investment trust company, First Securities Investment Trust Co Ltd (First SITE), showcasing RARE’s global reach in partnership with Legg Mason.

RARE Infrastructure will provide portfolio advisory services by employing the RARE Infrastructure Income Strategy for the Global Utilities and Infrastructure offering. The fund had a very successful initial launch raising over AUD$240m from the initial offering for Taiwanese investors.

RARE Infrastructure Chief Operating Officer, Carl McGann, said: “Markets globally are recognising the benefits of investing in global listed infrastructure as a distinct asset class.

“This arrangement with First SITE eventuated from an existing relationship they had with Legg Mason, our global distribution partner, who highlighted RARE’s global listed infrastructure capabilities.

“First SITE was quick to recognise the attractive risk, return and income characteristics of listed infrastructure for its clients and engaged RARE to provide advisory services to deliver these outcome to their clients. Our role as an adviser will require us to be proactive in providing them with regular and ongoing portfolio and stock advice,” he noted.

The RARE Infrastructure Income Strategy is “an attractive option for Taiwanese investors as it is designed to help meet the income needs of an ageing population and is one of RARE Infrastructure’s three global listed infrastructure strategies that has a proven track record in the Australian market,” noted McGann.

This Strategy invests in assets that have an explicit link to inflation through regulation, concession agreements or contracts as well as exposure to growth-oriented infrastructure assets. It offers investors the additional benefit of inflation-protected capital growth as well as selected and lower risk exposure to Emerging Markets, which offer significant opportunities in the growth of infrastructure investment globally.

“As a pioneer in global listed infrastructure we are excited to provide Taiwanese investors with access to the RARE Infrastructure Income Strategy which has provided our clients with strong income and total returns since inception,” McGann said.

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