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RARE Infrastructure Emerging Market Commentary – August 2011
By Richard Elmslie, and Nick Langley, RARE Infrastructure MSCI EM index posted a 13% decrease in local currency underperforming the MSCI World (-7%). It was a very volatile month. As of August 10, MSCI EM had declined 19% for the month due to a widespread equity selloff caused by fears of a double-dip recession in the developed [...]
posted September 19, 2011
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RARE Infrastructure Summary of Top 10 Stocks as at 31 August 2011
The Top 10 Stocks for RARE Infrastructure as at 31 August 2011 are: 1. MAp Airports (MAP): Mkt Cap $6.2b 2. Vinci SA (DG): Market Capitalisation US$34.1b 3. TransCanada(TRP): Market Capitalisation US$60.4b 4. Transurban Group (TCL): Mkt Cap AU$7.5b 5. Abertis Infraestructuras SA (ABE): Market Capitalisation US$16.7b 6. National Grid PLC (NG/ LN): Market Capitalisation US$34.2b 7. [...]
posted September 15, 2011
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RARE Infrastructure Value Fund Market Commentary – August 2011
By Richard Elmslie and Nick Langley, RARE Infrastructure. August was a very volatile month, with significant asset rotation and risk taken off the table. The month started with a positive, when the US passed the Debt Ceiling Bill one day before a US default, agreeing to raise the US debt limit by US$2.1trn and cut [...]
posted September 14, 2011
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Steady results for Treasury Group in difficult year
By Chris Kennedy, Money Management Treasury Group has announced an increase in funds under management (FUM) but a decrease in net profit after tax (NPAT) in what it describes as a “difficult year” for funds management. While FUM increased almost 14 per cent to $16.7 billion, normalised NPAT was $9.72 million, a decrease of 4.5% [...]
posted August 29, 2011
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RARE Infrastructure Emerging Market Commentary – July 2011
By Richard Elmslie and Nick Langley, RARE Infrastructure MSCI EM index posted a 1.3% decrease in local currency outperforming the MSCI World (-2.8%). There was a new wave of pessimism in July. In the U.S., analyst estimates for economic growth were cut yet again. Activity data disappointed again. There is a legitimate concern about the [...]
posted August 25, 2011
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RARE Infrastructure Summary of Top 10 Stocks as at 31 July 2011
The Top 10 Stocks for RARE Infrastructure as at 31 July 2011 are: 1. Vinci SA (DG): Market Capitalisation US$34.1b 2. MAp Airports (MAP): Mkt Cap $6.2b 3. Abertis Infraestructuras SA (ABE): Market Capitalisation US$16.7b 4. TransCanada(TRP): Market Capitalisation US$60.4b 5. Shenzhen Intl Holdings (152 HK): Market Capitalisation US$1.3b 6. Transurban Group (TCL): Mkt Cap AU$7.5b [...]
posted August 15, 2011
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RARE Infrastructure Value Fund Market Commentary – July 2011
By Richard Elmslie and Nick Langley In July global markets ended down (MSCI World -2.5% and EM -1.3%) as concerns increased over some European countries’ ability to finance debt obligations and in the US the risk of debt default increased. Although the US debt ceiling was increased, the risks to global growth stalling and continued [...]
posted August 12, 2011
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Infrastructure can provide predictability-Good foil for market volatility
By Darin Tyson-Chan, Investor Daily The defensive nature of uilities, tollroads and other assets can be attractive, RARE says. The inclusion of infrastructure in an investment portfolio can help offset market volatility and provide a greater level of earnings predictability, according to RARE director and senior portfolio manager Richard Elmslie. “It is pretty hard out there to work [...]
posted August 5, 2011
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Dull asset makes for lively bidding war
By Ian McIllwraith, The Sydney Morning Herald RARE Infrastructure has signalled to fellow ConnectEast investors that it reckons the $2.17 billion privatisation bid for the toll-road group by a rival funds manager, CP2, is a couple of hundred million dollars short of the full value. At least two brokers, Merrill Lynch and RBS, have published [...]
posted August 2, 2011
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RARE Infrastructure Summary of Top 10 Stocks as at 30 June 2011
The Top 10 Stocks for RARE Infrastructure as at 30 June 2011 are: 1. Vinci SA (DG): Market Capitalisation US$34.1b 2. MAp Airports (MAP): Mkt Cap $6.2b 3. Abertis Infraestructuras SA (ABE): Market Capitalisation US$16.7b 4. TransCanada(TRP): Market Capitalisation US$60.4b 5. SES: Market Capitalistion $11.0b 6. Southern Company (OS USA): Market Capitalisation US$33.6b 7. National Grid PLC [...]
posted July 15, 2011
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