Australian retail investors now have access to IFM Investors’ Australian Infrastructure fund via a new model managed by Industry Fund Services (IFS).
In a statement issued by IFS, the financial services provider said the infrastructure investment model pools retail investors’ funds and then invests them into the infrastructure fund.
IFS chief executive Bill Danaher said the model catered to the growing demand from investors for additional investment options.
“Institutional investors have long favoured portfolios that include infrastructure, such as toll roads, port terminals and utilities, because of their ability to produce stable yields,” Mr Danaher said.
“Infrastructure assets typically have long operating lives, resilient earnings, and can provide less volatility than listed securities.”
“The IFM Fund invests in well-known assets such as Melbourne Airport, Brisbane Airport, Port of Brisbane and NSW Ports. The IFS Infrastructure Investment Model allows retail investors to gain exposure to these and other infrastructure assets,” he said.
The model will only be available through the Industry Fund Portfolio Service which is an online investment platform, IFS explained.
“IFPS provides easy online access to a range of investment models, term deposits and ASX-listed securities, supported by comprehensive investment reporting,” the statement from IFS said.
“The Model, and other offerings available through IFPS, can help Australians achieve their medium to long-term financial goals, such as future education expenses and family commitments or additional retirement income.”
“To invest in the IFS infrastructure investment model, Australian residents must invest a minimum of $50,000 for a term of five to [seven and a half],” it said.
The specialist platform provider has posted an underlying net profit after tax of $17 million for the half year to 31 December 2018. ...
Three founding members of Macquarie’s Asian Listed Equities division have established Stonehorn Global Partners and launched the Hong Kong...
IOOF has generated strong results for the first half despite the shake up from the royal commission and a drop in earnings, with its underly...