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Rating:Aussie Bank Launches Infrastructure Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 20, 2005

Aussie Bank Launches Infrastructure Fund

by: Theresa Sim

Macquarie Bank has launched a second mutual fund available traded on the U.S. markets. The closed-end Macquarie Global Infrastructure Total Return Fund raised $425 million in an initial public offering in late August.

U.S.-based subsidiary Macquarie Infrastructure Fund Adviser has chosen Alps Mutual Fund Services to provide fund accounting, administration and marketing for the new fund.

“The listing of this Fund provides US retail investors the opportunity to gain access to a broad global portfolio of predominantly listed infrastructure companies,” said Oliver Yates, executive director of Macquarie Bank Limited, in a statement.

Macquarie's other U.S. fund, the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund, is serviced by PFPC.  

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