Defensive Equity: Listed Infrastructure vs Property REITS
Whitehelm Capital compare Listed infrastructure and property REITs.
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Whitehelm Capital
Whitehelm Capital is a specialist infrastructure manager with an outstanding track record spanning over 21 years.
About
Whitehelm Capital is one of the world’s most experienced infrastructure investors and investment strategy advisors. Whitehelm has an outstanding track record spanning over 21 years, with A$9.3 billion in direct infrastructure debt and equity investments made since inception, and over A$5.0 billion in funds currently under management.*
As a majority staff-owned business, Whitehelm benefits from an independent perspective, long-serving and experienced investment managers and a long-term track record. Whitehelm has successfully generated attractive returns from low risk assets for its investors over two decades and through several economic cycles.
Whitehelm offers investment solutions across a range of areas including: unlisted infrastructure, listed infrastructure, infrastructure debt, emerging markets infrastructure, property and advisory.
For more information, please visit www.whitehelmcapital.com
To view the Whitehelm funds offered in Australia, switch to Fidante Partners’ Australia site by clicking on the world map in the right-hand corner of your browser.
*As at 31 March 2019
Approach
Whitehelm focuses on investing in core infrastructure assets that have monopoly characteristics and supply essential facilities and services needed for the effective functioning of communities. By investing in core infrastructure assets which typically have predictable cash flows, Whitehelm’s approach aims to generate a defensive equity return with a moderate yield and add value through active asset management.
Whitehelm’s investment philosophy is:
- Only invest in ‘core’ infrastructure
- Build a diversified portfolio of quality assets
- Ensure every acquisition has a conservative capital structure and a sustainable cash yield
- Don’t overpay, and be a patient investor
Funds
Whitehelm Capital Listed Core Infrastructure Fund
Strategy
The Whitehelm Listed Core Infrastructure Fund (the Fund) provides investors with exposure to a diversified portfolio of 30 to 60 core infrastructure stocks, across sectors such as airports, toll roads, electricity and natural gas grids, and water utilities. The Fund seeks to invest in high quality assets that have predictable revenues and cash flows with built-in inflation protection.
Infrastructure assets have long lives and steady cash flows, and the Fund has been designed to capture these asset class characteristics. The Fund is defensively constructed and true-to-label, with a benchmark unaware, ‘quality’ focused approach.
Suits Investors Seeking:
- Moderate to high levels of return and are comfortable with the possibility of moderate to high levels of volatility
- A diversified portfolio of global listed infrastructure assets
- To invest for at least five years
Benchmark
OECD CPI + 5% p.a. measured over 5 years
30 May 2016
Inception Date
0.75%
Investment Management Fee
Semi-Annual
Distribution Frequency
0.15%
Platform Management Fee
$10,000
Minimum Investment
5 Years
Suggested Minimum Time Frame
Morningstar RatingTM
Morningstar Rating for Class A USD. Morningstar category: Sector Equity Infrastructure. As at 31/07/2019.
Morningstar Sustainability RatingTM
Out of 250 Sector Equity Infrastructure funds as of 31-05-19. Based on 84% of AUM. Data is based on long positions only.
Historical Sustainability Score as of 30 April 2019. Sustainability Rating as of 31 May 2019. Sustainalytics provides company-level analysis used in the calculation of Morningstar’s Historical Sustainability Score.
© 2019 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Team
Related Resources
Delivering Liquidity in Listed Infrastructure
In this Citywire exclusive video Whitehelm Capital's Graham Matthews discusses the outlook for listed infrastructure and the importance of delivering liquidity.
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Whitehelm Capital's Listed Core Infrastructure Fund Celebrates Three-year Anniversary
Whitehelm Capital’s Listed Core Infrastructure Fund receives a 5-star Morningstar Rating™ at its three-year anniversary
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