Posted inHong Kong

Franklin Templeton expands global infrastructure fund offering to Hong Kong

Hong Kong retail investors can now invest in the $440m fund.

Franklin Templeton has announced that it has launched its FTGF ClearBridge Global Infrastructure Income Fund in Hong Kong.

The fund, which was initially incepted as early as June 2021, aims to meet investors’ demand in diversifying their portfolios for income and inflation protection.

“We specialise in investing exclusively in listed infrastructure across the globe. These publicly traded infrastructure securities enjoy the benefits of the infrastructure asset class, namely long-term stable cash flows, lower correlation with other asset classes, inflation protection and income,” said Shane Hurst, portfolio manager of FTGF ClearBridge Global Infrastructure Income Fund.

The fund invests in a diversified range of companies including utilities, communication towers, pipelines, transport infrastructure and renewable energy.

According to the fund factsheet, around 26% of the fund is allocated to companies in the US, followed by 15% in the UK and 14% in Canada.

“With the increasing demand in the sector, we believe that infrastructure is a market that is growing astronomically in both developed and emerging markets over the next couple of decades,” Hurst added.

The FTGF ClearBridge Global Infrastructure Income Fund is managed by a team of investment managers in Australia, comprising Nick Langley, Shane Hurst, Charles Hamieh and Daniel Chu.

The fund house believes infrastructure as an asset class will act as a good diversifier and inflation hedge amid economic uncertainties.

ClearBridge Investments is one of the specialist investment managers of Franklin Templeton.

It is a global equity manager with approximately $151.3bn in assets under management as of the end of 2022.

Part of the Mark Allen Group.