PropertyJan 14 2016

Infrastructure giant to launch first open-ended fund

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Infrastructure giant to launch first open-ended fund

Gravis Capital Partners (GCP) is to launch an open-ended UK listed infrastructure fund to complement its closed-ended strategies.

The VT UK Infrastructure Oeic will target a yield of 5 per cent per annum and focus solely on UK listed infrastructure companies, the first open-ended vehicle to do so.

Launching on 25 January, the fund will sit alongside GCP’s existing trio of infrastructure investment trusts, which include the £690m GCP Infrastructure Investments trust.

It will sit in the Investment Association UK Equity Income sector, and hold between 20 and 25 stocks selected from a universe which includes companies such as National Grid and Thames Water.

The Oeic will only invest in relevant UK equities, infrastructure funds listed on the London Stock Exchange, and bonds.

The fund’s retail share class will have an annual management charge of 0.75 per cent, with the ongoing charges figure also capped at this level until the end of 2018.