Office towers are essential and so are houses and yet neither are classified under the infrastructure umbrella. Advisers now have greater access to infrastructure opportunities than ever before, across both listed and private structures, which raises the question: when two funds are vastly different yet both use the word infrastructure, what are you actually investing in?
Dan Cave, Deputy Head of Income Research at Zenith Investment Partners, puts that to Steven Kempler of Maple-Brown Abbott Global Listed Infrastructure, and Kieran Zubrinich of Macquarie Asset Management, helping to demystify the broader infrastructure asset class. They cover what makes an asset core infrastructure, why the energy opportunity sits in networks rather than energy generation, whether data centres belong in the asset class at all, and what this all means for risk management and infrastructure’s inclusion in investment portfolios in today’s environment.