Sydney Airport Holdings is flying high

Investment Committee, Switzer Dividend Growth Fund
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George Boubouras is chief investment officer at Contango Asset Management

How long have you held the stock?

We have had an overweight position to Sydney Airport Holdings (SYD) for nearly a year.

What do you like about it?

We were targeting cyclical infrastructure exposure with the core view of lower long bond rates maintained for longer. Airport assets generally perform well in a lower rate environment. Further, it is a well run asset from the retail/property management through to the key stakeholder partners (airlines).

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