M&G infrastructure manager dismisses Trump's $1trn plan ahead of fund launch

Significant expenditure planned

M&G manager Alex Araujo has warned investors "not to rely on President Trump" for opportunities in infrastructure, as the firm unveils plans to launch a global infrastructure fund.

The group is set to launch the global listed infrastructure fund next week, which will be managed by Araujo, who is also co-deputy manager on Stuart Rhodes' £6.5bn Global Dividend fund. It is seeking to achieve a total return higher than the MSCI ACWI over a five-year period by investing in infrastructure, which it said has a higher yield and lower volatility than global equities. It will have 40-50 holdings and charge an annual fee of 0.75%. Lyxor launches pair of infrastructure ETFs A snapshot of the portfolio at launch indicates it will have over half of its assets allocated ...