Thought Leaders in Listed Infrastructure
RARE's Investment team are infrastructure experts managing Funds, not fund managers investing in infrastructure. Their singular focus creates long-term value for investors through their deep understanding and pricing of infrastructure-related risks. The team has a diverse range of specific skills developed from backgrounds including unlisted infrastructure investing, research, and roles working for or advising regulators, governments, infrastructure companies and investors.
Considered Risk Management
Understanding and managing risk is interwoven throughout all aspects of RARE’s investment process and investment committee approach to portfolio construction. At the heart of their bottom-up investment process is understanding and managing the relationship between risk and returns as it applies to infrastructure assets.
A distinct view of infrastructure
RARE aims to deliver an infrastructure return through the listed markets, not an equity return via infrastructure stocks. To achieve this, RARE's proprietary investable universes include only 'core infrastructure' securities. These companies own hard assets that are essential to society and have regulatory and/or contractual frameworks which can provide stable and predictable cash flows.
Long term investment approach
RARE’s approach to company valuation mirrors that used by unlisted investors and centres around the belief that, over time, the underlying value of assets is reflected in long-term cash flows. Many generalist investors take a shorter-term view which can create market mispricing’s. These differences provide clear investment signals, allowing RARE to position portfolios to target long-term infrastructure returns.
To learn about how Legg Mason can help investors allocate global listed infrastructure into their portfolios, click on your region below.