Northern Trust has launched the Northern Multi-Manager Global Listed Infrastructure Fund (NMFIX) to bet on infrastructure companies listed on a domestic or foreign exchanges, including emerging and frontier markets.
The fund’s total net operating expense ratio is 100 basis points and its sub-advisers are Brookfield Investment Management and Macquarie Capital Investment Management.
“Infrastructure – including airports, ports, toll roads and similar assets – has unique and attractive characteristics as an investment,” stated Chris Vella, chief investment officer for Northern Trust Multi-Manager Investments.
“We see this as a space that has the potential to provide relatively stable cash flows, attractive yields, inflation protection and downside protection. We also like that the companies this fund will invest in often have limited competition due to the high barriers of entry into the markets they serve.”
Northern Funds are distributed by Northern Funds Distributors, which is not affiliated with Northern Trust.