The strategy is fairly new and is managed by Duff and Phelps. The main four sub sectors are communications, utilities, transportation, and energy. They look to invest in companies with high barriers to entry and predictable returns. They believe listed infrastructure is a better investment and provides better liquidity.
As an idea of where it invests, this includes US railroads which is likely to benefit from higher oil prices as companies switch away from trucks to cheaper means of moving goods. Cell towers are a good inflation trade, with 3% annual increases in the US and CPI in Europe. Other areas they like are toll roads, airports, and utilities….read more