Miton unveils global infrastructure income fund

Offering dividend yield of 4%

Laura Dew
clock • 1 min read

Miton has revealed the details of its global infrastructure income fund, which is set to be launched by the end of the first quarter of 2017, subject to FCA approval, following the hire of Jim Wright last year.

The global infrastructure income fund plans to offer an estimated dividend yield of 4% and has ambitions to grow the dividend by 4%-6% per annum. The fund, which will have a 50bps share class, will have a concentrated portfolio of 40 to 50 stocks and 75% of these will be in stocks with a market cap greater than £7bn. It is also aiming for a high active share with 68.5% in active positions versus FTSE Developed Core Infrastructure 50/50 Index. Wright, who joined Miton in January, previously managed the listed infrastructure portfolio within the British Steel Pension fund for ten yea...

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