Fund of the week: Consistent returns from infrastructure

While other sectors have struggled during the recession, infrastructure has thrived. This infrastructure fund has returned 11.2% over the past 12 months - and the yield has grown every year since 2007.

Other sectors may have struggled during the recession, but infrastructure has thrived, says Peter Meany, manager of the First State Global Infrastructure Fund. After all, the world always needs roads, pipelines, and utilities.

"Revenues are not dependent on demand and long-term contracts are inflation-protected," says Charles Cade of Numis in The Daily Telegraph. As a result, Meany's fund has returned 11.2% over the past year and the yield has grown every year since 2007 it's currently offering 3.2%. Meany has ten years' experience of investing in infrastructure and believes his fund's success is partly down to its diversity (he invests globally and across several different types of business).

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Vinci6.7
Crown Castle International Corp5.1
Central Japan Railway Co3.8
National Grid3.6
PPL Corp3.6
Atlantia Spa3.6
Koninklijke Vopak3.6
E.On AG3.2
Exelon Corp3.2
FPL Group Inc3.2
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