The Strategy provides access to infrastructure assets through a global portfolio of publicly traded companies, many of which feature relatively stable cash flows and monopolistic market positions.
- Invests in securities of companies that generate regular cash flows from owned infrastructure assets
- Diversified by geographic region and infrastructure subsector
- Invests principally in developed markets, with opportunistic allocations to emerging markets
- Global Listed Infrastructure Strategy typically consists of 50–80 securities with a maximum position size of 6%
- Global Listed Infrastructure Focus Strategy typically consists of 30–50 securities with a maximum position size of 10%
The asset class
Infrastructure companies own long-lived assets, such as power plants, transportation networks and communications systems. We see attractive long-term growth opportunities in this market, given the growing need for infrastructure spending, the historical underinvestment in infrastructure and the increasing privatization of what have traditionally been government-owned assets. Read more
Our investment process
We believe that success in global listed infrastructure investing requires a balance of top-down country- and subsector-level research and bottom-up equity research. Subsectors are ranked based on industry fundamentals, economic sensitivity, commodity price leverage, the capital market environment and valuation. After we establish our subsector-level positioning, the portfolio managers determine appropriate security allocations based on the output of our analysts’ company research and valuation models, while taking into account risk controls, diversification and liquidity.
Why invest with us?
Since launching the Strategy in 2003, Cohen & Steers has become one of the world’s largest investors in global listed infrastructure. The Strategy leverages the firm’s global trading capabilities and is managed by a dedicated investment team, with senior investment professionals in New York, London and Hong Kong. By being close to their covered markets, our infrastructure analysts, who bring an average of 10 years of experience, can provide unique insights into local companies through on-the-ground research.
|Robert Becker||Senior Vice President, Portfolio Manager||New York||Bio|
|Benjamin Morton||Senior Vice President, Portfolio Manager||New York||Bio|
|Thuy Quynh Dang||Research Analyst||London|
|Grace Ding||Research Analyst||Hong Kong|
|Humberto Medina, CFA||Research Analyst||New York|
|Tyler Rosenlicht||Research Analyst||New York|
|Saagar Parikh, CFA||Research Associate||New York|
How to invest »Learn more
The views and opinions in the preceding commentary are subject to change and represents an assessment of the market environment at a specific point in time, should not be relied upon as legal, investment or tax advice and is not intended to predict or depict performance of any investment. We consider the information to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of suitability for investment. Investors should consult their own advisors with respect to their individual circumstances. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that a market forecast made in this commentary will be realized.
Please consider the investment objectives, risks, charges and expenses of any U.S. Registered open-end fund carefully before investing. A summary prospectus and prospectus containing this and other information may be obtained by calling 1-800-330-7348 or clicking here. Please read the prospectus carefully before investing.
Risks of Investing in Global Infrastructure Securities
Investments in global infrastructure securities will likely be more susceptible to adverse economic or regulatory occurrences affecting global infrastructure companies than an investment that is not primarily invested in global infrastructure companies. Infrastructure issuers may be subject to regulation by various governmental authorities and may also be affected by governmental regulation of rates charged to customers, operational or other mishaps, tariffs, and changes in tax laws, regulatory policies, and accounting standards. Foreign securities involve special risks, including currency fluctuation and lower liquidity. Some global securities may represent small and medium-sized companies, which may be more susceptible to price volatility than larger companies.
Cohen & Steers open-end funds are distributed by Cohen & Steers Securities, LLC.