First State Global Listed Infrastructure Income
HL comment
Our view on this Fund
In the face of a rapidly slowing global economy, the earnings growth of global infrastructure companies continue to hold up well. In recent months Peter Meany has been lowering exposure to energy infrastructure businesses in favour of communication infrastructure like toll roads, airports and ports. This fund has not been completely immune from the market volatility but we do believe the long term prospects remain exciting.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: First State Investments
Our view on this Fund Management Group as a whole
First State Investments originate from Australia and are part of the Commonwealth Bank of Australia. They are a household name and the largest fund manager in Australia managing in excess of £57.6 billion globally. They expect this to grow, having already gained access to Asian markets through various acquisitions and also seeping into the UK market through its purchase of Edinburgh based fund manager Stewart Ivory. As fund managers their expertise has been noted in specialist areas like Asia and emerging markets where they have recruited some of the industry's most talented investment professionals.
13-09-2007
HL sector comment: Specialist
Our view on this sector
There is a wide range of funds in this sector with a mix of property, financials, agriculture and single country funds to name a few. The specialist sector has been hit hard in performance terms in recent months as both financials and commodity prices have fallen heavily. There are many quality funds in this sector, therefore investors need to look through the short term performance numbers. Specialist funds tend to be more volatile than broader based funds.
20-11-2008