RARE Infrastructure Value Fund Market Commentary – September 2011
October 17 2011By Richard Elmslie and Nick Langley, RARE Infrastructure
Risk assets sold off further in September, as the worsening political dimension of the European sovereign crisis threatened the European banks & exaggerated negative feedback loops to consumer & investor confidence. Emerging markets underperformed -7.6% vs the MSCI World -6.2%. …
US Electricity Transmission Regulation
October 14 2011By Shane Hurst, RARE Infrastructure
There has been some publicity recently surrounding a legal challenge launched in North East United States by local utilities against the rates charged by the local electric transmission company. RARE has exposure to US transmission assets and believes that asset …
RARE Infrastructure Summary of Top 10 Stocks as at 30 September 2011
October 10 2011The Top 10 Stocks for RARE Infrastructure as at 30 September 2011 are:
1. MAp Airports (MAP): Mkt Cap $6.2b
2. TransCanada(TRP): Market Capitalisation US$60.4b
3. Transurban Group (TCL): Mkt Cap AU$7.5b
4. Vinci SA (DG): Market Capitalisation US$34.1b
5. Abertis Infraestructuras SA (ABE): Market Capitalisation US$16.7b
6. Southern Company …
Principles for Responsible Investment
September 26 2011By Nick Langley, RARE Infrastructure
RARE has been a signatory of the United Nations Principles for Responsible Investment (PRI) since May 2010. This year, we participated in the working group reviewing asset owner and investment management environment (E), social (S) and governance (G) issues …
ConnectEast proposal may end in car crash
September 20 2011By Ian McIlwraith, Sydney Morning Herald
SYDNEY-BASED fund manager CP2 could be just days away from its second defeat in multibillion-dollar takeover offers for Melbourne-based toll-road companies.
The horns are honking that the CP2-arranged Horizon Roads consortium’s $2.2 billion privatisation of ConnectEast may …
Brazilian Toll Roads offer Attractive Investment Characteristics
September 20 2011By Dan Simmonds, RARE Infrastructure
Toll roads were first privatised in Brazil in 1995, with the issuance of 859km of federal road concessions. There are currently 52 road concessions in Brazil covering 15,000km (7% of Brazil’s highway network).
Concessions have typically been for existing roads …
RARE Infrastructure Emerging Market Commentary – August 2011
September 19 2011By 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 …
RARE Infrastructure Summary of Top 10 Stocks as at 31 August 2011
September 15 2011The 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 …
RARE Infrastructure Value Fund Market Commentary – August 2011
September 14 2011By 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 …
Steady results for Treasury Group in difficult year
August 29 2011By 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 …
