Foresight Group, an independent infrastructure and private equity investment manager, has launched the FP Foresight UK Infrastructure Income Fund. The Fund will invest in UK listed renewable energy and infrastructure fund / investment company equities and bonds.
Ahead of the fund launch Foresight carried out online research with financial advisers which revealed that 75 percent are bullish about the investment outlook for UK infrastructure assets and 59 percent expect to see increasing client demand for exposure to the sector over the next five years.
The research further revealed that infrastructure is poised to become an increasingly popular asset class for investors as it mitigates four of the biggest headwinds facing client portfolios. These were identified as volatility, market correction, inflation and rising interest rates. Three in ten (32 percent) advisers are looking to increase their clients’ allocation to the asset class over the next three years.
The Fund will target an annual income of 5% a year, with dividends paid quarterly.
Jamie Richards, Partner at Foresight, commented: “The new FP Foresight UK Infrastructure Income Fund enables investors to capitalize on a thriving energy sector, which offers numerous investment opportunities across generation, transmission and distribution technologies.
“At Foresight, we have a specialist focus on energy infrastructure combined with a tradition of innovation in creating investment solutions that respond to investors’ needs. We manage funds for more than 22,000 private investors and for some of the world’s leading financial institutions. We’re excited to be launching this infrastructure income fund which we expect to have broad appeal.”
The Fund will be actively managed and distributed by Foresight Group LLP.