Downing calls time on infrastructure fund of trusts after less than two years

VT Downing Listed Infrastructure Income

James Baxter-Derrington
clock • 2 min read

Downing Fund Managers has closed its infrastructure fund of trusts after less than two years, citing redemptions and dwindling performance.

According to a letter to investors seen by Investment Week, the VT Downing Listed Infrastructure Income fund was closed on 1 February 2024, with new investments prohibited from 12 January. Digital 9 Infrastructure proposes managed wind-down following strategic review The letter explained the fund had been closed due to a reduction in size over 2023, along with "performance challenges" and a "significant stream of redemptions". "In the last year the fund has been reducing in size due to limited demand, performance challenges and a significant stream of redemptions in recent months,"...

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