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Global Infrastructure Securities Fund (Unhedged)

Select how you would like to invest

 

AMP Capital expects a broad and growing range of infrastructure investment opportunities over the long term, with an estimated US$57 trillion to be invested in global infrastructure by 20301.

The AMP Capital Global Infrastructure Securities Fund (Unhedged) and AMP Capital Global Infrastructure Securities Fund (Hedged) focus on infrastructure assets that have little sensitivity to GDP, are monopolies, or have long term contracts or very stable regulation.

These strong monopolistic qualities provide the infrastructure asset class with defensive characteristics and mean they are generally less volatile than other asset classes.

The AMP Capital Global Infrastructure Securities Fund (Unhedged) focuses on providing investors with:

  • The benefits of expected long-term global growth in infrastructure
  • Attractive combination of capital growth and income in a low interest rate environment

1 McKinsey Global Institute, January 2013

This Fund is now available as an active exchange traded managed fund. AMP Capital Global Infrastructure Securities Fund (Unhedged) (Managed Fund) ASX: GLIN - Learn more here.

"Global listed infrastructure is a young asset class with huge growth potential and strong return drivers."
Tim Humphreys, Head of Global Listed Infrastructure

Lonsec Research Recommended
Zenith Recommended Rating

A fund built with these goals in mind

Regional and sector diversification means access to more opportunities

Regional and sector diversification means access to more opportunities

By investing in both developed and emerging markets across a range of sectors, investors can participate in the economic potential of emerging markets while benefiting from the stability of existing infrastructure in developed markets.

The Funds have a well-diversified exposure across the regions and sectors of core infrastructure. Whilst the Funds are focused primarily on the developed markets, in order to reduce risks, they can also access outstanding opportunities in the emerging markets.

Focus on delivering consistent cash flow

Focus on delivering consistent cash flow

At least 90% of each Fund is invested in ‘core and pure’ infrastructure companies at all times. In our opinion, these companies show strong monopolistic characteristics with little or no competition, thereby offering more stable cash flows over time. Each Fund can invest up to 10% in companies that may not currently be considered 'core and pure', but where the team see these companies migrating to over time.

How does this fund fit into your portfolio?

The Funds are designed for investors seeking an investment which provides the potential for sustainable income and capital growth over the long term. They can be used to complement existing solutions in a blended portfolio or be used individually. When used with existing solutions, the Funds may fit within the growth component of an investor’s overall portfolio.

What are the risks?

All investments involve risk and you should consider investment risks before making an investment decision. The key risks of investing in the Funds include or are associated with:

  • share market investments – adverse share market movements could result in capital losses, particularly over the shorter term
  • infrastructure investments – factors affecting direct infrastructure assets (such as a company’s ability to service debt in a rising interest rate environment) may negatively affect the value of the relevant Funds’ investments
  • international investments – the relative strength or weakness of the Australian dollar against other currencies will affect the Unhedged Fund’s performance and although the Hedged Fund’s international investments are principally hedged back to Australian dollars, the Hedged Fund could incur losses related to exchange rates or hedging
  • derivatives – losses may be magnified where derivatives are used, and
  • investment management – factors such as changes to the investment team may affect the relevant Fund’s performance.

The ‘Risks of investing’ section of the Incorporated Information incorporated into the Product Disclosure Statement for the relevant Fund provides further information about the risks noted above, as well as information about other investment risks of which you should be aware.

What opportunities does the Fund invest in?

Frankfurt Airport

Frankfurt Airport

Location: Germany
Sector: Airports
Business: 11th largest airport^ in the world by passenger numbers, with 57.53 million passengers*

^ 57.53 million passengers per year Source: www.frankfurt-airport.com, media release Fraport Traffic Figures – Full Year & December 2012, released Jan 2013
* 11th largest airport in the world source: Airports Council International, Preliminary 2012 World Airport Traffic and Rankings, released Jan 2013

What’s the difference between hedged and unhedged?

With AMP Capital Global Infrastructure Securities Fund (Unhedged) (Unhedged Fund), investors are exposed to fluctuations in the Australian dollar. This can be a good thing if the Australian dollar falls relative to the currency in the country where the investments are held. For example, if you were invested in an unhedged US share fund and the value of the Australian dollar decreased relative to the US dollar, the value of your portfolio would increase. This is because you would receive more for your investment if you converted it back into Australian dollars.

However, foreign exchange can also work the other way around. As the Australian dollar increases in value, the value of an unhedged overseas portfolio would decrease when converted back into Australian dollars.

With AMP Capital Global Infrastructure Securities Fund (Hedged) (Hedged Fund), we use strategies to offset the impact of currency moves. The objective is to ensure the only factor influencing the return from the portfolio is the income and capital gains (or losses) generated by the underlying investments, stripping out the impact of currency movements.

With a fully hedged portfolio, you may be protected from the adverse impact of a rising Australian dollar but forgo the benefit of a falling Australian dollar.

Fund facts

APIR code AMP1592AU
Investment objective To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark over the long term.
Investment approach The Fund seeks to invest mainly in listed infrastructure securities where we consider that the underlying infrastructure assets are stable, have strong management teams and appropriate capital structures, and are available at attractive prices. The Fund utilises a bottom-up value-based investment approach, choosing a mix of infrastructure securities - from the more conservative assets with high and stable income levels to the more opportunistic investments that have the potential to produce higher returns.
Minimum suggested timeframe 5 years
Distribution frequency Quarterly
Inception date 02 July 2010
Minimum investment A$ 10,000 - Personal Investor/Off-platform Class H
Risk level (1 - 7) 7. Very High
Benchmark "Dow Jones Brookfield Global Infrastructure Net Accumulation Index AUD"
Status Open
Investment objective To provide total returns (income and capital growth) after costs and before tax, above the Fund's performance benchmark over the long term.
Investment approach The Fund seeks to invest mainly in listed infrastructure securities where we consider that the underlying infrastructure assets are stable, have strong management teams and appropriate capital structures, and are available at attractive prices. The Fund utilises a bottom-up value-based investment approach, choosing a mix of infrastructure securities - from the more conservative assets with high and stable income levels to the more opportunistic investments that have the potential to produce higher returns.
Minimum suggested timeframe 5 years
Distribution frequency Quarterly
Minimum investment A$ 10,000 - R unit class
Risk level (1 - 7) 7. Very High
Benchmark "Dow Jones Brookfield Global Infrastructure Net Accumulation Index AUD"
Pricing information
Current price
Last Trade*
% change (prev day)
Bid * (delayed)
Offer * (delayed)
iNAV ^^ (30 Jun 4:14PM) $2.50
NAV
NAV/Unit** $2.49
ASX: GLIN
Net Assets** ($A) $10,430,725
Units Outstanding** (#) 4,183,149
Management Cost^ (% p.a.) 0.80%
Distribution Frequency Quarterly

* Data is delayed by at least 20 minutes.
** Estimated as of close of previous trading day.
^ Plus recoverable expenses. Certain additional costs apply. Please refer to the PDS.
^^ iNAV is an indicative net asset value per unit, updated during the ASX trading day for foreign exchange movements in the Fund's portfolio of stocks and for stocks that have live market prices during the day.

Distribution
Fund distributions are yet to be paid

The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.

How to invest

Exchange ASX
ASX Code GLIN
Currency AUD
Trading 10:00 - 16:00 (AEST)
Bloomberg Code GLIN AU
INAV IRESS Code GLININAV.ETF
2
Invest via any full service or online broker.
3
Use the ASX code to invest:

GLIN

2
Getting started online

Supporting material
3
Complete the application

Apply online
or
Download form

2
View a list of online brokers

Visit the ASX
3
Make note of the ASX mFund code in order to invest on the ASX site

ACA03

The Lonsec Rating (assigned May 2015) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Rating is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) or is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 (NZ)). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold AMP Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.  For further information regarding Lonsec’s Ratings methodology, please refer to http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings
The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned June 2015) referred to in this document is limited to “General Advice” (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on Zenith's Product Assessment’s http://www.zenithpartners.com.au/RegulatoryGuidelines

AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) (AMPCFM) is the responsible entity of the AMP Capital Global Infrastructure Securities Fund (Unhedged) and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232 497) (AMP Capital). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. Neither AMP Capital, AMPCFM nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this information, AMP Capital makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.

Issuer and responsible entity: AMP Capital Funds Management Limited ABN 15 159 557 721, AFSL 426455. AMP Capital Funds Management Ltd is a member of the AMP Group which includes AMP Capital Investors Limited ABN 59 001 777 591, ASFL 232497 ("AMP Capital", "we" or "us").

For "Exchange Traded"
The iNAV is provided by Interactive Data and is updated during Australian Securities Exchange trading hours. It is indicative and for reference purposes only, and is subject to Interactive Data’s terms and conditions of use which are available here.

This website has been prepared by AMP Capital Investors Ltd (ABN 59 001 777 591, AFSL 232497) (“AMP Capital”). BetaShares Capital Ltd (ACN 139 566 868, AFSL 341181 ("BetaShares") is the responsible entity and the issuer of units in the AMP CAPITAL GLOBAL INFRASTRUCTURE SECURITIES FUND (UNHEDGED) (MANAGED FUND). AMP Capital is the investment manager of the Fund and has been appointed by the responsible entity to provide investment management and associated services in respect of the Fund. Investors should consider the Product Disclosure Statement (PDS) for the relevant Fund before making any decision regarding the Fund. The PDS contains important information about investing in each Fund and it is important investors read the PDS before making a decision about whether to acquire, continue to hold or dispose of units in the Funds. Neither BetaShares, AMP Capital, nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this information.
Past performance is not a reliable indicator of future performance.
While every care has been taken in the preparation of this information, BetaShares and AMP Capital make no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of this information, and seek professional advice, having regard to their objectives, financial situation and needs.

 

About the PDS:

You will find the following offer documents for this fund:

  • PDS
  • Incorporated information (the information incorporated by reference in the PDS, and which forms part of the PDS)

Before making a decision about investing or reinvesting, you should read both documents. These documents can also be obtained by contacting us on 1800 188 013.

About the PDS:

You will find the following offer documents for this fund:

  • PDS

Before making a decision about investing or reinvesting, you should read this document. This document can also be obtained by contacting us on 1800 188 013.