Gravis is launching a digital infrastructure income fund at the end of May.
The VT Gravis Digital Infrastructure Income fund, the firm’s fourth Oeic, will be managed by Gravis director of real estate securities Matthew Norris (pictured), who is also the fund adviser to the VT Gravis UK Listed Property (Paif) fund.
An email to investors, seen by Portfolio Adviser, said the fund aims to provide steady income and capital growth by investing in specialist companies listed in developed markets that own physical infrastructure assets that support online activity and are therefore “vital to the digital economy”.
It will not, however, invest in “software, payment systems or anything which isn’t a solid structure”.
The fund is expected to hold global listed securities including real estate investment trusts (Reits), real estate operating companies (REOCs), equities and bonds. It will target an annual dividend yield of 3%.
Charges will be capped at 0.8% and taken from investors’ capital.
Gravis said there had been an “explosion in demand for connectivity”, with the digitalisation of society transforming traditional sectors of the economy, especially since the global Covid pandemic.
It added: “Continual connectivity and access to the digital world is not possible without the physical infrastructure of telecom and data towers, fibre optic cable networks, data centres and logistics facilities for the fulfilment of e-commerce.
“Shortly we are likely to see a wave of related activity supporting the digitalisation of transportation.”
The fund will launch with an offer period running from 4 to 31 May.
