Legg Mason has unveiled a sterling hedged share class for its £170m RARE Global Infrastructure fund, which launched last month.
The firm will offer two hedged share classes, income and accumulation, which will sit alongside existing share classes and provide investors with exposure to infrastructure equities while mitigating the impact of currency fluctuations. Adam Gent, head of UK sales at Legg Mason, said: "The fund aims to seek out the best income opportunities from a universe of listed global infrastructure stocks, and currently around 90% of the fund is invested in stocks overseas. Infrastructure and specialist property trusts lead fundraising tables in Q2 "The hedged share class offers investors flex...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
