Barney works with the local council as a leisure services manager. He is aged 42, married with two young children and earns a salary of $75 000 p.a. Barneys wife is not currently employed. Barney would like to start investing into quality investments outside of his superannuation account to fund his childrens education, to pay for a home extension that will be required in the next few years as the children get older, and to put some money aside to support his retirement.

Barney believes he has a moderate risk profile. He has little investment experience and is busy with his job and family. He does not have much of an interest in managing his finances. He is prepared to take on some risk in order to chase higher returns but would not want to borrow or invest into high-risk products. He owns a few shares in the Commonwealth Bank and has $10 000 in a cash account.

Barney will shortly inherit a small investment portfolio from his grandmother consisting of $30 000 cash and $40 000 in three managed funds as follows:

Australian Share Index Fund $20 000	(MER 2.5%)
Australian Bond Fund $10 000	(MER 1.6%)
Australian Infrastructure Fund $10 000	(MER 2.7%)

Barney is looking to sell all three managed funds and invest the money into a share portfolio. He doesnt know anything about managed funds but believes he has the ability to successfully select and trade in ASX-listed shares in order to make reasonable gains.

Q. Determine the type of investments that an Australian infrastructure fund would invest into.