According to GCP, the potential investment universe for the fund includes around 50 stocks, but at launch it will have investments in around 22 to 25 stocks, falling into a number of sub-sectors: public social infrastructure, such as hospitals and schools, private social infrastructure like GP surgeries, private economic infrastructure, such as ports, airports and power generators, renewable energy, infrastructure contractors and the infrastructure debt market.
“The fund is able to invest up to 15% in infrastructure bonds issued in sterling, but the focus will be on the equity market,” Ellis said.
Adding: “The average market cap of the proposed holdings is about £3.5bn so there is a lot of underlying liquidity within the market.”
A UK OEIC, the fund has an OCF of 0.75% for the clean share class and 0.65% for the institutional share class. Outside the UK, if advisers choose to take a front-end commission it will be 4% and there won’t be any trail.
The offer period commences on 18 January ahead of the launch on 25 January.
GCP Advisory is adviser to the fund, Valu-Trac Investment Management will act as Authorised Corporate Director and Highland Capital Partners will be responsible for sales and marketing.
