Closed-ended funds: an underexplored route to alternative assets for DC schemes
Dave Whitehair, Director of Institutional Business (DC), with James de Bunsen and Pete Webster, Portfolio Managers on Janus Henderson’s UK-based Multi Asset Team, make the case for closed-ended funds as a viable and useful tool for defined contribution schemes looking to gain exposure to the fast-growing alternatives asset class
As a permanent pool of capital, the closed-ended vehicle represents a potentially useful match for more illiquid assets, such as infrastructure.
There is a rapidly growing universe of closed-ended alternatives, with the potential for long-term returns linked to the real economy.
These highly governed vehicles offer a higher level of transparency and reporting than direct private market assets.
Incorporating closed-ended funds into a diversified alternatives portfolio can play an important role in supporting better outcomes for DC members.
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Past performance does not predict future returns. The value of an investment and the income from it can fall as well as rise and you may not get back the amount originally invested.
The information in this article does not qualify as an investment recommendation.
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