Delaware Investments, a member of Macquarie Group, has launched a mutual fund in the US: the Delaware Macquarie Global Infrastructure Fund — Class A, Class C, Class R and Class I.
The fund, which is available to both individual and institutional investors, offers investors access to Macquarie’s global infrastructure securities investment expertise within Delaware’s funds management platform.
Macquarie Capital Investment Management is the fund’s sub-adviser and is responsible for the investment management of the fund’s assets.
The fund’s sub-adviser and Delaware Investments are part of Macquarie Funds Group — the global asset management arm of Macquarie Group.
The fund, which seeks to provide long-term capital appreciation and current income, is an actively managed portfolio that invests globally in securities issued by companies that are primarily engaged in the ownership and/or operation of infrastructure assets.
The investment team uses a systematic, bottom-up approach to identify fundamental long-term value in the listed securities of infrastructure companies. The team focuses on companies that own and/or operate infrastructure assets that provide essential services, have strong strategic positions in the businesses in which they are involved, and are able to generate sustainable and growing cash flow streams.
“Combining the expertise of Macquarie and Delaware is very exciting for our mutual fund platform,” says J. Scott Coleman, executive vice president and head of distribution and marketing at Delaware Investments. “Macquarie is a recognised global leader in infrastructure finance and investment with more than 15 years of experience in the sector. That experience is reflected in the Fund’s investment team, which is one of the largest and most experienced investment teams specializing in the listed infrastructure sector.”
Andrew Maple-Brown, the fund’s portfolio manager, adds: “We are excited to offer investors what we believe is an attractive investment vehicle to access the global universe of infrastructure securities. Global infrastructure is a compelling, long-term investment opportunity that offers investors the potential for capital growth, diversification, and stable, inflation-linked income.”
