Argo gives investors what they want… diversification and dividends
Argo Investments has launched a new global infrastructure focussed LIC and seeking to raise up to $600m via an IPO. The infrastructure portfolio will be actively managed by one of the worlds leading investors in listed infrastructure, Cohen & Steers, which oversees more than $70BN of FUM. The new entity will invest in a portfolio of 50 to 100 listed infrastructure securities worldwide and give investors “diversification relative to other asset classes, such as Australian listed equities and cash.” Morgans analysts say that “demand for infrastructure is typically resilient through economic cycles and cash flow generation is usually strong, allowing for dividends." Click here to access the prospectus, more information on upcoming investor briefings and a video presentation from Senior Analyst Nathan Lead. (VIEW LINK)
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.