Downing calls time on infrastructure fund of trusts after less than two years

VT Downing Listed Infrastructure Income

Downing Fund Managers has closed its infrastructure fund of trusts after less than two years, citing redemptions and dwindling performance.

According to a letter to investors seen by Investment Week, the VT Downing Listed Infrastructure Income fund was closed on 1 February 2024, with new investments prohibited from 12 January. Digital 9 Infrastructure proposes managed wind-down following strategic review The letter explained the fund had been closed due to a reduction in size over 2023, along with "performance challenges" and a "significant stream of redemptions". "In the last year the fund has been reducing in size due to limited demand, performance challenges and a significant stream of redemptions in recent months,"...