Matt Bushby
ClearBridge Investments’ ClearBridge RARE Infrastructure Income Fund – Hedged (the Fund) saw record inflows in the past financial year of $512 million with global listed infrastructure as an asset class totalling inflows of $1 billion, according to Rainmaker Information’s latest Wholesale Managed Funds Net Flow Report.
“In a financial year that saw overall estimated net flows of negative $29 billion across all asset classes, the ClearBridge RARE Infrastructure Income Fund – Hedged inflows in excess of half a billion are an exceptional achievement,” Matt Bushby, Managing Director and Head of Infrastructure Business Development at ClearBridge Investments in Australia, said.
The Rainmaker Wholesale Managed Funds Net Flow Report provides market intelligence on the use of Wholesale Managed funds and shows the growth or decline in the use of Wholesale Managed Funds in certain asset classes, individual managers and investment styles.
“Over the past 12 months, during which rates and inflation remained high and continued to cause volatility in markets, the high flows into the asset class and Fund show that investors understand how infrastructure can provide inflation protection and diversification to portfolios,” Bushby said.
“The Fund’s objective has always been to provide investors with regular and stable income from a portfolio of global infrastructure securities while hedging the Fund’s currency exposure back to AUD.”
The ClearBridge RARE Infrastructure Income Fund – Hedged had the eleventh largest inflows of any fund in the Rainmaker report and the highest inflows of any of the 23 infrastructure funds analysed.