Morrison confirms that today marks the formal transition to its appointment as manager of Utilities Trust of Australia (‘UTA’).
Morrison was selected to be manager of UTA following an EGM vote by UTA Unit Holders.
In selecting Morrison as its new manager, the UTA Board said it was confident that the combination of a high quality portfolio and the stability afforded by an experienced, well regarded infrastructure manager would be an attractive proposition for both existing and new investors.
UTA is an open-ended core infrastructure fund for institutional investors with a long-term investment horizon and a low-to-moderate appetite for risk. UTA has a globally diversified portfolio of quality assets and a track record of delivering strong returns with low volatility over time.
UTA was established in 1994 and is one of Australia's first infrastructure investment funds. As at 30 June 2017, UTA had more than $6 billion in assets under management, including invested capital and undrawn commitments. UTA is focused on investing in infrastructure assets globally and has outperformed its benchmark since inception, delivering a net return of 11.84% per annum across 23 years to 30 June 2017.
For more information, visit the UTA website: https://www.uta.com.au/