Hastings Diversified Utilities Fund
Profile
Overview
Hastings Diversified Utilities Fund (HDF) aims to build a portfolio of utility infrastructure assets that provide an appropriate balance of regular cash yield and prospects for long term capital growth.
Strategy
HDF targets regulated and unregulated assets both domestically and internationally, focusing on:
- gas transmission and distribution assets;
- water and other essential utilities;
- electricity generation, transmission and distribution assets; and
- hydro and wind power generation assets.
Assets
The HDF portfolio currently comprises two investments: 100 percent ownership of Epic Energy in Australia, and an interest, including a 50 percent voting equity interest in South East Water in the United Kingdom (the remaining 50 percent is owned by another Hastings managed fund - Utilities Trust of Australia).
| Epic Energy consists of three major natural gas transmission pipeline systems. These pipelines are strategically well located, servicing major participants in the Australian gas and energy sectors. | |
| HDF Interest in Epic Energy: | 100.0% |
| South East Water is the second-largest regulated water only company in England and Wales and supplies water to over two million customers across Kent, Sussex, Hampshire, Berkshire and Surrey. The merger between South East Water and Mid Kent Water will allow optimisation of key business functions and will provide cost effective and enhanced customer service. | |
| HDF Interest in South East Water: | 50.0% |
