RARE Infrastructure Emerging Market Fund Market Commentary – February 2010
March 17 2010Markets remained volatile in February with the EMs under performing their developed peers further as investors again reject perceived risk (MSCI EM -0.1% vs MSCI World +1.7% in local terms). However, the majority of the EMs we are exposed to recovered some of their January losses by the month end …
RARE Infrastructure Value Fund Market Commentary – February 2010
March 17 2010Divergence in the global markets this month as the spotlight focused on sovereign debt issues and the markets suffered a bout of risk aversion. Developed markets (MSCI World, local) finished up 1.7% and emerging markets (MSCI EM, local) down 0.3%.
Top news stories for the month continued the focus on Greece’s …
RARE Infrastructure Emerging Market Fund Market Commentary – January 2010
February 17 2010Markets started the year strong but collapsed towards the end of January to end the month down. And contrary to 2009, the EMs under-performed their developed peers (MSCI EM -4.4% versus MSCI World -3.7% in local terms). Within the EMs some of the big winners of 2009 were the largest …
RARE Infrastructure Value Fund Market Commentary – January 2010
February 17 2010After a very strong 2009, January was the month investors intuitively knew would come at some stage, but hoped would not occur. Furthermore January’s poor performance and volatility has continued into February.
Despite the month starting strongly, developed markets (MSCI World, local) finished down 3.8% and emerging markets (MSCI EM, local) …
RARE eyes Indian and Mexican assets
February 04 2010Ruth Liew, Financial Standard
RARE Infrastructure, which doubled its FUM from $834 million to $1.53 billion in 12 months, is buying up more assets in India and Mexico within its emerging markets portfolio.
Sarah Shaw, senior investment analyst & portfolio manager – emerging markets at RARE, expects to almost double the fund’s …
RARE wins $200m mandate from CFS
January 28 2010Ruth Liew, Financial Standard
RARE Infrastructure has won a $200 million global listed infrastructure mandate from Colonial First State.
Matthew Dell, head of retail distribution at RARE Infrastructure, said the $200 million mandate was awarded following CFS’ review of their global listed infrastructure fund, which is part of their multi-manager suite of …
RARE Infrastructure Emerging Market Fund Market Commentary – December 2009
January 21 2010A strong end to the year for the markets with December up across the board and the EMs finishing the year on a 2009 trend, out-performing their developed peers (MSCI EM +4.2% versus MSCI World +3.8% in local terms). No one star EM performer in December with all key markets …
RARE Infrastructure Value Fund Market Commentary – December 2009
January 21 2010December saw strong performance from global markets with Japan (+12.9) the stand out and the US (+1.9) & HK (+0.3) the laggards. Both developed & emerging markets continued to advance in parallel and extend their +3.2 November gains.
Top news stories in a global context included the Copenhagen summit, Abu Dhabi’s …
RARE Infrastructure Summary of Top 10 Stocks as at 31 December 2009
January 15 2010The Top 10 Stocks for RARE Infrastructure as at 31 December 2009 are:
ITC Holdings (ITC): Market Capitalisation US$2.7b
Abertis Infraestructuras SA (ABE): Market Capitalisation US$15.8b
SES : Market Capitalistion $9.4b
National Grid PLC (NG/ LN): Market Capitalisation US$15.8b
Shenzen Intl Holdings (152 HK): Market Capitalisation US$1.1bn
Vinci SA (DG): Market Capitalisation US$30.8b
TransCanada(TRP): …
RARE Infrastructure Emerging Markets Commentary – November 2009
December 22 2009November started out pretty much as expected for EM markets – up strongly and out-performing their developed peers. The Dubai hiccup towards the end of the month cost them some of their gains but on balance the key markets all ended November in positive territory with China and LatAm the …
