International Public Partnerships Limited (INPP)
A Select 50 Fund - Our view
Category Infrastructure Direct
This investment trust can be held in an Investment ISA, SIPP and Investment Account
Sell
127.20p
Buy
127.60p
0.00p (+0.00%)
Discount/Premium
-11.90%
Estimated NAV
144.843p
Prices updated at 03 May 2024, 16:39 BST
| Prices minimum 15 mins delay
Prices in GBX
Investment objective
To provide our investors with long-term, inflation-linked returns, by growing our dividend and creating the potential for capital appreciation. The Company invests in public or social infrastructure assets and related businesses located in the UK, Australia, New Zealand, Europe, North America and other parts of the world where the risk profile meets the Company’s risk and return requirements.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Price
- Our view
- Performance
- Charges & documents
- Shares & trades
- Dividends
- Portfolio
- Risk
- News & dates
- Trust info
- Director info
Why we like the fund:
This fund invests in private infrastructure projects and companies, such as electric, gas and water utilities, renewable energy, hospitals and care facilities, toll roads, railways and digital cabling. These investments tend to be in partnership with the government and have a steady, reliable source of customers who are dependent on them for their daily lives. This creates a steady income stream and one that is usually linked to inflation (therefore providing an inflation hedge). The fund invests primarily in UK infrastructure, with around 25% invested outside the UK. The team is highly experienced, well-resourced, locally-based and dedicated to infrastructure investing. They tend to invest early in projects and stay invested for the long term.
How to use the fund:
This is an investment trust, which gives the manager more freedom to invest relative to an open-ended fund. For example, it can borrow money to invest and it does (albeit to a limited degree). This fund could be a useful addition to a portfolio with an income requirement (and some inflation protection). Investors in the fund may experience periods of capital loss, although these have been temporary in the past.
