Publications

- October 2009 Vol. 2 No. 5

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Global Listed Infrastructure: A Compelling Investment Opportunity

by Robert Becker and Benjamin Morton

As we emerge from the most severe global economic downturn in decades, investors are looking for investment strategies that offer the potential for attractive total returns, and that also provide defensive characteristics. We believe that global listed infrastructure securities offer both. Sound fundamentals, attractive valuations and the need to address years of underinvestment will put global listed infrastructure securities in a position to generate long-term growth and income.

AN ASSET CLASS THAT OFFERS ATTRACTIVE AND STABLE RETURNS

As an asset class, global listed infrastructure has historically been characterized by a significant degree of regulation, monopolistic operations, inflation-linked cash flows and low long-term correlations with the broader equity and fixed-income markets. The contractual nature of infrastructure companies’ cash flows and their ability to pass on higher costs allow them to maintain real revenue growth and enhance their likelihood of l

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