Infratil not irreplaceable — fund managers

Thu, 10 Dec 2020

The prospect of AustraliaSuper taking Infratil off the NZX has reignited concerns about New Zealand’s thin capital markets, but fund managers say similar sets of assets will still be available.Craig Brown, a portfolio manager at ANZ Investments, said the take over of Infratil would be a loss to the market, but not a critical one. “In a relatively small market it is never nice to lose a company, but unfortunately that can be what happens,” he told Businessdesk. “That said, you could create a kind of listed proxy, In...

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