Legal and General Investment Management (LGIM) has launched a new infrastructure index fund that aims to offer income and capital growth to investors.
The new UCITS-compliant strategy, dubbed Legal and General Global Infrastructure Index Fund, will track the FTSE Global Core Infrastructure index.
The fund, with ongoing charges of 0.30%, will enable investors to invest in listed firms that own, operate or manage infrastructure in sectors including utilities, industrials and oil and gas.
Altogether, the vehicle will offer exposure to over 200 companies in 30 countries.
LGIM head of retail for EMEA Honor Solomon said: “Infrastructure assets such as roads, railways and pipelines are essential for our economies to function. An attractive combination of capital growth and a stable income stream, in many cases linked to inflation, has meant listed infrastructure has become increasingly popular with investors.
“This fund builds on our commitment to provide high-quality exposure across a broad range of asset classes that advisers and investors can use as building blocks for constructing portfolios.”