MainStay CBRE Global Infrastructure Megatrends Term FundMEGI
Market Cap: $768M
About: MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current income. It invests predominantly in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities, and rights or warrants to buy common stocks. The company intends to focus on three infrastructure megatrends: decarbonization, digital transformation, and asset modernization while making its investments.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
5% more funds holding
Funds holding: 56 [Q1] → 59 (+3) [Q2]
5.8% less ownership
Funds ownership: 40.15% [Q1] → 34.35% (-5.8%) [Q2]
13% less capital invested
Capital invested by funds: $263M [Q1] → $229M (-$33.7M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for MEGI.