IFM prepares fund update as initial review shows infra declines

26 March 2020 - 12:00 am UTC

Australia’s IFM Investors will release updated asset valuations of all its main funds next week, a spokesperson told Inframation today, a day after the fund manager said that preliminary estimates suggest declines in the infrastructure segment.

IFM has conducted a preliminary “out of cycle” assessment of selected Australian infrastructure assets, and on average their values have shrunk 7.56% in recent weeks because of the economic and market ructions caused by COVID-19 and other market shocks.

Next week’s quarterly update of IFM’s whole portfolio will include all assets held by its Australian Infrastructure Fund and Global Infrastructure Fund.

Australian super funds – 27 of which own IFM – began releasing unlisted asset revaluations earlier this week.

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