Spriha Srivastava

London-based listed fund manager, Intermediate Capital Group, is likely to expand its operations into other asset classes such as infrastructure and real estate.

The firm is backing power developer Moser Baer, as part of its plans to reportedly invest up to $3bn in India over the next five years.

Asset management firm Franklin Templeton’s real estate arm has established a newly dedicated business team to analyse, select and invest in real asset fund opportunities. Sources suggest that the company is planning to launch a real assets fund of funds that will invest in infrastructure as well as other real assets globally.

In a recent survey by a London-based consultancy, infrastructure tops the list as the most favoured asset class for institutional investors. Nearly 40% of surveyed investors say they will increase their infrastructure allocation over the next three years.