The global listed infrastructure asset class remained resilient amid broad recent market turbulence, proving its ability to hold up relatively well as global equities sell off, according to a global listed infrastructure outlook for April published by First Sentier Investors.
Peter Meany, head of global listed infrastructure and author of the outlook, said this is consistent with the asset class’s history of providing most of the upside in rising equity markets but offering protection from falling ones.
“This pattern of performance is underpinned by global listed infrastructure’s consistently strong pricing power, predictable cash flows, and relative immunity to economic cycles,” said Meany. “This ability to hold up in falling markets has enabled the asset class to generate higher returns than global equities over the past 20 years, with less risk, as measured by standard deviation of returns.”
Global listed infrastructure has outperformed global equ