Fund of the week: a simple infrastructure play

There aren't many specialist infrastructure funds around. This one focuses on Europe, the US and Japan, investing in large-scale capital projects.

There aren't many specialist infrastructure funds around. But of the few there are, "my favourite is First State Global Listed Infrastructure Fund", Ben Yearsley of Hargreaves Lansdown tells The Independent. The £90m fund is run by Peter Meany, an economics graduate from Australia's Macquarie University.

The fund, which was launched in October 2007, focuses on the developed world, with more than 90% of its assets invested in Europe, the US and Japan. The aim is to invest in large-scale capital projects. With a focus on firms that provide essential services, such as ports, toll roads, utilities, electricity and water, the stimulus measures being taken by governments make the fund "a solid defensive play", says Andy Parson at the Share Centre in Investors Chronicle.

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Vinci7.2
American Tower Corp6.3
Abertis Infraestructuras5.2
Koninklijke Vopak4.6
SES Global4.6
Central Japan Railway Co4.6
E.ON AG4.2
GDF Suez3.6
Atlantia Spa3.3
Crown Castle International Corp3.0
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