POWERED BY MOMENTUM MEDIA
Instos buy up aviation assets
AMP Capital has increased its managed stake in Australia Pacific Airports Corporation (APAC), owner of Melbourne and Launceston Airports, by 3.5 per cent.
The financial deal for the $157 million stake has been closed, with AMP Capital now controlling 43.5 per cent of APAC on behalf of its funds and clients.
AMP Capital has had a long history investing in the aviation sector, having managed an investment in Melbourne Airport since 1997 and Launceston Airport since 1998. In 2012, AMP Capital acquired a 49 per cent interest in Newcastle International Airport in the UK.
AMP Capital head of infrastructure Australia and New Zealand Paul Foster said the purchase had been funded by a broad range of Australian superannuation fund clients which had a desire to increase exposure to infrastructure assets with proven returns.
"Melbourne Airport is one of the best performing airports in the world and it serves around 29 million domestic and international passengers per annum," he said.
Industry Funds Management (IFM) has also been buying up aviation stakes, increasing its 20.7 per cent stake in APAC to 23.7 per cent last week. It also increased its ownership of NT Airports from 55.6 per cent to 77.4 per cent, while acquiring a 35.5 per cent stake in Manchester Airports Group (M.A.G) earlier this month.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
As market volatility persists, some super funds are pivoting defensively, while others are strategically positioning to capitalise on emerging opportunities.
New data has shown a progressive deterioration in risk appetite among instos even prior to Donald Trump’s latest round of tariffs.
UniSuper has reached “peak investment” in US assets and is now preparing to reassess its exposures amid ongoing sharemarket volatility.
Investors have slashed their US equity allocations to the lowest level on record, according to new data from Bank of America.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
