Profile: Hastings Funds Management Limited (HDF.AX)

Hastings Diversified Utilities Fund (HDF) invests in a range of utility infrastructure assets within Australia and overseas. The Company operates in three business segments, including gas pipeline owner and operator, Water utility owner and operator, and Other. The gas pipeline owner and operator segment includes investment in three natural gas transmission pipelines through the 100% ownership of Epic Energy Holdings Pty Ltd (EEH) and its controlled entities in Australia. Water utility owner and operator includes investment in 50% of South East Water, a water utility operator located in the United Kingdom. Other segment includes the Company’s financing activities in relation to the potential investments. It operates from one geographic location, being Australia, from where its investing activities are managed. The Company holds United Kingdom unlisted securities that derive their income from investments held in operating entities located in the United Kingdom.