The CBRE Clarion Funds SICAV – Global Listed Infrastructure Fund invests in a globally diversified portfolio of listed companies that generate most of their revenues or profits from the ownership, management, development or operation of long-term infrastructure assets. These include toll roads, airports, communication towers, oil and gas pipelines, water distribution pipelines and electric transmission and distribution lines.

The fund targets higher risk-adjusted returns compared to the broader global equity market. CBRE Clarion will manage the fund, combining top-down research with bottom-up securities selection based on fundamental company analysis. The new UCITS vehicle is a version of the CBRE Clarion Global Infrastructure Value Fund, which is available to US investors.

“Interest for investments in infrastructure has increased significantly over the past decade. This fund provides investors with an attractive combination of stability, income and growth and enables them to enhance the diversification and return/risk profile of their overall investment portfolios,” said Michael Sanders, chief executive of Alceda.

“Allocating to listed infrastructure is an effective portfolio completion strategy for investors with exposure to unlisted infrastructure and an income-driven option for investors seeking competitive risk-adjusted returns,” added Jeremy Anagnos, chief investment officer of infrastructure at CBRE Clarion.

The fund is available to investors in Germany and the UK. It has a US dollar share class, with further tranches including euro, British pound and Japanese yen to be added. CBRE Clarion Securities manages $20.8 billion in assets.