In this video update, Portfolio Manager/Analyst Warryn Robertson discusses quarterly developments, strategy performance, and the team’s outlook. Key topics include:
- Diversification – global listed infrastructure continues to show low correlation to AI-driven demand and negative correlation to energy markets amid ongoing geopolitical volatility.
- Valuations – portfolio holdings trading at an estimated 12% discount to long-term averages versus global equities.
- Preferred positions – European toll roads, UK water utilities, US railroads, and selected US communications companies.
- Outlook – cautious near-term amid macroeconomic and geopolitical uncertainty alongside improving long-term value opportunities in infrastructure assets.
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