Redpoint Global Infrastructure Fund

REDPOINT GLOBAL INFRASTRUCTURE FUND

CAPTURING THE ESSENCE OF THE ASSET CLASS

FUND FACTS

Performance inception date
3 April 2012
Minimum initial investment
$20,000
Minimum suggested timeframe
5 years
Management fee (including GST, net of RITC)
0.70% per annum of the Fund’s net asset value
Benchmark
FTSE Developed Core Infrastructure Index (hedged to Australian dollars) with net dividends reinvested
Typical number of stocks
100-120
Distribution frequency
Quarterly
Buy/Sell spread
+/- 0.35%
APIR Code
PPL0031AU
Fund ratings
Lonsec Rated

BENEFITS OF INVESTING

More stable returns
Infrastructure companies often operate in highly regulated monopolies that provide essential services to the community. Utilisation of their products and services tends to be resilient to increases in price and economic downturns. This means revenue streams tend to be more stable than the broader equities market.
Diversification benefits
Infrastructure assets have different characteristics to mainstream asset classes. Therefore, the Fund can help diversify risk and returns in an investment portfolio that’s largely made up of mainstream assets.
Access to a broader universe
The Fund typically invests in 100-120 listed infrastructure companies from right across the globe, which is more than most other funds in this asset class. This approach gives Redpoint a broader universe to seek opportunities and importantly helps to reduce risk by increasing asset, sector and geographic diversification in the portfolio.
Better protection from inflation and currency fluctuations
The usage rates charged by infrastructure companies for their products and services are often determined by regulators, governments or written into long-term contracts. These contracts are typically linked to inflation which means rates can be adjusted to allow for increases in the cost of living. The Fund is also substantially hedged to Australian dollars which helps reduce the impact of currency fluctuations on the Fund’s returns.
Better value
The Fund’s fees are lower than most actively managed global infrastructure funds. This is due to the quantitative approach Redpoint uses to identify infrastructure assets and its efficient processes for making and implementing portfolio construction decisions.

Latest Videos


15 Jul 2015

Diversification through global infrastructure

21 Jul 2015 - Redpoint Investment Management, Senior Portfolio Manager, Alex Stephen outlines how diversified investing in global infrastructure has the potential to generate consistent returns.


Investment return objective
The Fund aims to deliver a return (after fees) that exceeds the Benchmark over rolling 5 year periods.
Investment approach
Redpoint believes that sound investment insights, robust risk management and implementation excellence allows them to capture returns available more effectively from the wide range of investment opportunities around the world. To meet the investment return objective, Redpoint considers investments from a broader universe than the Benchmark and often holds companies at significantly different weights.
Redpoint selects and weights companies according to two components. The first of these ensures the Fund reflects the wider universe and ensures the Fund is not concentrated in a small number of larger capitalisation companies. The second stage involves an assessment of the quality, value and risk of each company. The team utilise a wide range of data and information to analyse companies such as their dividend yield, financial leverage and sustainability.
Investment process
The Fund aims to take a more holistic view of the asset class to achieve the objective of capturing the diversifying characteristics of infrastructure more consistently, efficiently and effectively.
Start with the right universe: methodically identify infrastructure companies that best meets the Fund’s objectives
Reduce risk: improve geographic diversification and reduce stock concentration risk
Improve return: introduce stock specific, quality criteria to enhance return
Outcome: a highly diversified portfolio of listed infrastructure assets that focuses on better quality companies with more sustainable income.

ERIC SMITH

GANESH SUNTHARAM

ALEX STEPHEN

Chief Investment Officer Investment Director Senior Portfolio Manager
Investment experience:
29 years
Investment experience:
15 years
Investment experience:
18 years

CONTACT US

Website

www.redpointim.com

Client services:

1300 738 355 or
info@nabam.com.au

Adviser services:

Please contact your NAB Asset Management Investment Specialist
Important notice:
Redpoint Investment Management Pty Limited ABN 83 152 313 758, AFSL 411671 (‘Redpoint’) is the investment manager of the Fund. This information is general in nature and does not take account of your individual objectives, financial situation or needs. Before making a decision to invest in the Fund you should read the current Product Disclosure Statement and Product Guide (PDS) and consider if it is appropriate for your circumstances. A copy of the PDS is available through the Contacts above. Past performance is not a reliable indicator of future performance. Returns are not guaranteed and actual returns may vary from any target returns shown in this document. Returns are net of fees. Any projection, target statement or other forward looking statement (‘Projection’) in this document is provided for information purposes only. No representation is made as to the accuracy of any such Projection or that it will be met. Actual events and returns may vary materially. Any opinions expressed by ACP constitute ACPs judgment at the time of writing and may change without notice. An investment in the Fund is not a deposit with or liability of National Australia Bank Limited (‘NAB’) or any other member of the NAB group of companies and is subject to investment risk, including possible delays in repayment and loss of income and capital invested. Neither ACP nor any other member of the NAB Group guarantees the repayment of your capital, payment of income or the performance of your investment. NAB Group does not provide a guarantee or assurance of the obligations of ACP, the Fund or Redpoint.

Lonsec: The Lonsec rating (assigned November 2014) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The rating is a ‘class service’ (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to ‘General Advice’ and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to ‘wholesale clients’ (as defined in the Financial Advisers Act 2008 (NZ)). It is not a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s ratings methodology, please refer to our website at: https://www.lonsec.com.au/aspx/Public/Documents/Ratings%20Definitions.pdf