Infrastructure: A good investment gone bad – and then good again?

The infrastructure sector is supposed to be the backbone of an investment portfolio. These critical assets are supposed to deliver predictable, inflation-adjusted cash flows whatever the economic weather. However, the sector has been one of the weakest areas over 2023 and 2024. Might its fortunes change as the economic cycle turns? Infrastructure funds focus on those areas essential to society. First Sentier describes its universe as "toll roads, airports, railroads, utilities and renewables, energy midstream, wireless towers and data centres". Its view is that these sectors share common...