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.