M&G infrastructure manager dismisses Trump's $1trn plan ahead of fund launch

Significant expenditure planned

Laura Dew
clock • 2 min read

M&G manager Alex Araujo has warned investors "not to rely on President Trump" for opportunities in infrastructure, as the firm unveils plans to launch a global infrastructure fund.

The group is set to launch the global listed infrastructure fund next week, which will be managed by Araujo, who is also co-deputy manager on Stuart Rhodes' £6.5bn Global Dividend fund. It is seeking to achieve a total return higher than the MSCI ACWI over a five-year period by investing in infrastructure, which it said has a higher yield and lower volatility than global equities. It will have 40-50 holdings and charge an annual fee of 0.75%. Lyxor launches pair of infrastructure ETFs A snapshot of the portfolio at launch indicates it will have over half of its assets allocated ...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

Trustpilot