On 12 August, listed infrastructure company Transurban reported its third year in a row of proportional double-digit EBITDA growth. The consistent strong performance during testing economic times highlights Transurban’s position as a world leading toll road operator with a portfolio of world class toll road assets. Transurban owns and operates intra-urban corridor network roads under [...]
Author Archives: christina
RARE Infrastructure Review: Transurban Rewards Listed Infrastructure Investment
August 31, 2010 – 11:13 am
Global Financial Reform a Key Risk
August 18, 2010 – 4:58 pm
Caroline Munro, Money Management
The lack of coordination of global financial markets reform is a key concern, according to Global Value Investors’ senior equities analyst Matthew Hegarty.
Global Value Investors is one of the international managers that are part of boutique fund management incubation firm Treasury Group. Speaking at a Treasury Group luncheon in Sydney yesterday, Hegarty [...]
RARE Infrastructure Emerging Market Fund Market Commentary – July 2010
August 18, 2010 – 10:07 am
July was a strong month for Emerging Markets underpinned by a moderation in concerns about the European debt situation, cyclical indicators in Europe surprising on the upside and supportive earnings from the US.
China outperformed the rest of Asia, up 10%. (Thailand +7.3%, India +1.6%, Indonesia +5.3%, Malaysia +3.6). Latin America was also strong, buoyed by [...]
RARE Infrastructure Value Fund Market Commentary – July 2010
August 10, 2010 – 4:43 pm
Global Markets improved in July,having fallen in previous months. All major markets were up in July. Developed markets (MSCI World) were up 5.9% and Emerging Markets (MSCI EM local)were up 3.7%.During the month globalinvestors were buoyed by generally good earnings results positive macro news.
European bank stress tests were better than expected and the Basel III [...]
RARE Infrastructure Emerging Market Fund Market Commentary – June 2010
July 19, 2010 – 5:34 pm
The downward momentum of May continued through June with global markets weakening further. However, investors truly seem to have seen the light with the Ems outperforming their developed peers for the 2nd consecutive month (MSCI World -3.7% versus the MSCI EM -0.5% in local terms). Performance within the EMs was mixed with Asia (ex China) [...]
RARE Infrastructure Value Fund Market Commentary – June 2010
July 19, 2010 – 5:19 pm
June continued the poor run for global equities, with developed markets back to September 2009 levels. All major markets were down in June with the exception of Hong Kong. Developed markets (MSCI World) down 3.7% and Emerging Markets (MSCI EM local) down0.7%.
Throughout June there was mixed economic news not giving a clear signal of either [...]
Canadian pension fund bids for Intoll
July 19, 2010 – 1:05 pm
Michael Hobbs, Financial Standard
The Canada Pension Plan Investment Board (CPPIB) moves to buy Sydney-based infrastructure group Intoll.
CPPIB bid provides three options for Intoll shareholders including a cash offer equivalent of $1.53 per Intoll stapled security.
The offer represents a significant premium to Intoll’s recent trading price, according to CPPIB.
While CPPIB is doing due diligence on the [...]
RARE Infra wins $1.4bn in mandates
June 15, 2010 – 12:20 pm
Michael Hobbs, Financial Standard
RARE Infrastructure has attracted $1.4 billion in investment mandates in nine months including one from the $67 billion Future Fund.
The global listed infrastructure fund manager has gained a number of institutional clients from Australia, Hong Kong, Canada, US and UK including several new clients in the past nine months.
Colonial First State awarded [...]
RARE Infrastructure Value Fund Market Commentary – May 2010
June 15, 2010 – 12:00 pm
May was a “shocker” for equity markets, with the US market (Dow Jones index) having its worst month since 1940. All markets were down in May (developed markets (MSCI World down -7.2%) and Emerging Markets (MSCI EM Local) down 5.6%.
Volatility was heightened due to:
• the Greek debt crisis spreading to Iberia’s debt funding/refinancing needs and [...]
RARE continues to grow its business and client base
June 9, 2010 – 12:06 pm
RARE Infrastructure (RARE) today announced that it has funds under management in excess of AUD2.5 billion1 of institutional and retail funds in its global listed infrastructure strategies. Since its founding in 2006, RARE has gained institutional clients in Australia, Hong Kong, Canada, United States and the United Kingdom. In addition, RARE has retail and multi-manager [...]