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LGIM launches infrastructure index fund

Global_infrastructureLegal & General Investment Management (LGIM) has launched a passive global infrastructure fund.

The Ucits-compliant fund, which has an ongoing charges figure of 0.30%, invests in listed infrastructure and aims to offer income and capital growth to investors by tracking the performance of the FTSE Global Core Infrastructure Index.

The LGIM Global Infrastructure Index Fund comprises over 200 index constituent holdings from over 30 countries, providing exposure to listed companies that own, operate, manage or maintain essential infrastructure across a range of sectors, including utilities, industrials, and oil and gas.

Honor Solomon, LGIM’s head of retail for Emea, said: “Infrastructure assets such as roads, railways and pipelines are essential for our economies to function.

“An attractive combination of capital growth and a stable income stream, in many cases linked to inflation, has meant listed infrastructure has become increasingly popular with investors.”

LGIM, which has £951 billion (€1091 billion) of total assets, currently manages over £340 billion in index funds.

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