3i Infrastructure eschews India for developed markets

Investment company 3i Infrastructure has decided to rebalance its investment strategy in favour of less volatile investments in more developed markets.

Investment company 3i Infrastructure has decided to rebalance its investment strategy in favour of less volatile investments in more developed markets.

After lifting the total return 59% to £89.1m in the year to end-March, the FTSE 250 closed-ended vehicle said it was lowering its return objective to an annual measure of 10% total return per year from a previous longer-term objective of 12%.

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