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Bringing you news, views and analysis since 2013
Cyril Delamere, MontLake

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Reaves Asset Management launches UCITS US Utility Fund

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Reaves Asset Management, US infrastructure specialist and equity manager, has launch the Irish-domiciled Reaves Utility Income Fund on the MontLake UCITS Platform ICAV.

Investors will benefit from Reaves’ successful 41-year track record of long-only infrastructure investing in highly liquid, publicly listed equities in the US utilities, communications, and energy sectors. Since the inception of its Long Term Value Strategy in 1978, the investment team at Reaves has achieved annualised returns of 12.77 per cent+ vs 11.67 per cent for the S&P 500 Index++.
 
Jay Rhame, CEO, Reaves Asset Management, says: “Reaves has been investing in the US utilities and related infrastructure sectors for over four decades, providing our investors with attractive, consistent returns. The long-term investment success of Reaves is a product of our proprietary research and deep understanding of the regulatory environment. The collective knowledge and experience of our investment team is utilized to select businesses with the attributes to flourish operationally and financially.”
 
“MontLake is a leading UCITS platform in the asset management industry with a top-quality range of funds and we are delighted to launch our Utility Income Fund on this highly regulated and versatile platform. We look forward to working with the team at MontLake on this exciting new venture,” added Ron Sorenson, Chairman and Chief Investment Officer of Reaves Asset Management.
 
Cyril Delamare (pictured), CEO of MontLake, commented: “We are delighted that Reaves has selected MontLake for its recent UCITS launch. A US utilities fund focused on income will further enhance the diverse offering on our platform and corresponds to what investors are looking for. We look forward to working with the team at Reaves and believe that their pedigree and expertise within their sectors offers great potential for the growth of this product.”

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