Diversification Through Infrastructure Assets
Cohen & Steers Global Infrastructure Fund
Author: Ticker Magazine
Last Update: Jan 25, 11:03 AM EST
|The growing interest for diversification away from equities and fixed income has been the driving force behind the Cohen & Steers Global Infrastructure fund. Portfolio manager Ben Morton believes that the asset class can provide similar returns to equities, but with the potential for significantly lower volatility and downside. The fund utilizes both a bottom-up fundamental research and a macro framework to select the right subsectors and companies around the world.
“If not monopolies, real-asset infrastructure companies often are duopolies or oligopolies. Ultimately, they have the value of the hard assets and their businesses are very difficult to replicate. These characteristics may lead to predictability of the cash flow.”
Since we have a global approach, we also face specific risks related to corporate governance or regulatory transparency in different regions of the world. We focus on incorporating those risks into our views on security level, subsector level, and geographic positioning.
Please see important disclosures and risks here.
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