- The Fund has achieved a total return of 18.51% over 12 months
- Real infrastructure provides a secure income protected against the impact of COVID-19
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London 04 June 2020: Foresight Group LLP (“Foresight”), a leading independent infrastructure and private equity investment manager, is pleased to announce that its Foresight Global Real Infrastructure Fund (“GRIF” or “the Fund”) has surpassed its target performance of UK CPI +3% over 12 months, with a total return 18.51%.
The Fund has provided a yield of 4.12% over 12 months exhibiting significantly lower volatility levels than higher risk asset classes such as high-yield debt.
The Fund has consistently outperformed the Global Equities and Infrastructure indices as well as other Global Listed Infrastructure Funds, with the FTSE All World Index returning 7.13% over the same period, whilst Year to Date, in the most challenging of market conditions, the Fund has demonstrated robust resilience generating positive returns of 3.28% against the negative performance of FTSE All World (down 7.72%) and FTSE All Share (down 15.99%).
The resilience of GRIF’s dividends stems from its exposure to investments containing critical infrastructure vital to the continued functioning of society, even in lockdown conditions.
With up to 52% of UK equity dividend payouts forecasted to be cancelled in 2020 as companies feel the effects of the COVID-19 crisis, real infrastructure funds represent an alternative for investors seeking higher income that is materially protected against reduced demand, changes in consumer behaviour and supply chain issues.
Foresight’s two OEIC funds are managed by the award-winning Foresight Capital Management team (“FCM”). GRIF invests into the publicly traded shares of companies that own or operate real infrastructure and renewable energy assets globally. FP Foresight UK Infrastructure Income Fund (“FIIF”) focuses on renewable energy and infrastructure investment companies in the UK. There is continued demand for Foresight’s OEIC funds, with combined net inflows of £85m so far in 2020.
Nick Scullion, Head of Foresight Capital Management, commented: “GRIF has had a highly successful first year, delivering target-beating returns that underline our ability to identify and invest in resilient, world-class real infrastructure assets. The Fund has amply demonstrated its ability to serve those investors looking to diversify their portfolios and generate returns uncorrelated with volatile global equity markets.
Against a backdrop of lower dividend payouts and turbulent equity performance, we expect investor demand for secure, income generating investments in infrastructure to continue throughout the rest of the year and into 2021.”
For further information contact:
Ben Thompson, Foresight Group, firstname.lastname@example.org | 020 3667 8155
NOTES FOR EDITORS
About Foresight Capital Management:
Foresight Capital Management (“FCM”) was set up in 2017 as a division of Foresight Group LLP, the specialist infrastructure and private equity investment manager, to manage Open Ended Investment Companies (“OEICs”). FCM’s OEIC portfolio currently comprises the FP Foresight UK Infrastructure Income Fund (FIIF) launched in December 2017 and the FP Foresight Global Real Infrastructure Fund (GRIF), launched in June 2019 with Funds under management exceeding £650 million.
FCM was named ‘Fund Manager of the Year’ at the PLC Awards 2018 in respect of the outstanding debut performance of FIIF.
Foresight Group LLP (“Foresight”) has been managing investment funds on behalf of institutions and retail clients for more than 35 years. It has in excess of £4.5 billion AUM across a number of funds, including Listed Vehicles, Limited Partnerships, Enterprise Investment Schemes (EISs), Venture Capital Trusts (VCTs) and Inheritance Tax Solutions using Business Relief (BR) and Open Ended Investment Companies (OEICs).
Foresight is a leading renewables infrastructure investor with over £4 billion of clean energy infrastructure assets under management including wind, solar, bioenergy, hydro, battery storage and flexible generation. Foresight currently manages more than 190 renewable generation assets globally, with a total generating capacity of 2GW.
In private equity, Foresight has more than £600 million of funds under management and a UK SME portfolio comprising more than 90 companies, making growth capital and equity release investments from five regional institutional funds alongside a family of Venture Capital Trusts and Enterprise Investment Schemes.
Foresight is headquartered in London with regional UK offices in Manchester, Nottingham, Milton Keynes, Leicester, Edinburgh, Cambridge and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.