Money Makers

Sequoia Economic Infrastructure Income (ticker: SEQI) was launched in 2015 and has raised a total of £1.8bn in its IPO and over several subsequent fundraisings. SEQI provides loans for various types of infrastructure projects, typically for three to five years, having a roughly equal mix of fixed and floating rates. Its portfolio is diversified across various developed markets and by industry sector. This trust targets an IRR of 8 to 9% that should translate into shareholder returns of 7 to 8% a year after costs although its annualised NAV return from March 2015 to September 2023 was a little ...