Foresight Global Real Infrastructure Fund, which invests in renewable asset owners, has outperformed competing indices in its first 12 months.
The fund has surpassed its target performance of UK consumer price index (CPI) +3%, achieving a total return of over 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, said Foresight.
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.
“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%),” Foresight stated.
Foresight Capital Management head Nick Scullion said: “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.”
GRIF invests into publicly traded shares of companies that own or operate real infrastructure and renewable energy assets globally.
FP Foresight UK Infrastructure Income Fund 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, said the investor.