Miton unveils infrastructure income portfolio at launch

Focus on utilities and telecoms

Jim Wright, manager of the Miton Global Infrastructure Income fund, has revealed how his portfolio will be positioned when the fund launches later this month.

The fund, which will launch on 23 March, will sit in the IA Global Equity Income sector and will invest in a portfolio of 40-50 global listed infrastructure stocks. It will have an estimated dividend yield of 4% with the intention to grow the dividend by 4%-6% per annum. Almost half of the portfolio will be invested in utilities stocks such as SSE and National Grid, while 21% will be invested in pipelines and storage. Unlike many infrastructure funds, it will also invest 14.5% in telecom firms such as Vodafone and Deutsche Telekom, which Wright said was a play on the ever-expanding...