Investment Insight
Matt King Featured in Barron’s: 5 Infrastructure Plays for the Trump Era

Investment Insight

Matt King Featured in Barron’s: 5 Infrastructure Plays for the Trump Era


March 1, 2017

In a recent interview in Barron’s, Matt King, Portfolio Manager, Global Listed Real Assets, shares his outlook for infrastructure under President Trump and discusses his top sector picks, as a value investor.  Matt notes:

  • Infrastructure stocks tend to have higher annualized returns with lower volatility than global equity markets, they generally sport higher dividends than their peers, and they offer growth—and in, many cases, inflation protection —despite their defensive nature.
  • Immediately after the election, utilities in general suffered in particular the renewable-power companies. As a value investor, that is an area of interest to us. 
  • Both for the U.S. and outside of the U.S. fundamentals within the infrastructure universe, generally speaking are stable to improving, despite the very uncertain macro environment. 
Managing Director

Important Disclosures

For the complete content and important disclosures, refer to the Barron's Reprint above. The Morgan Stanley Institutional Fund Global Infrastructure Portfolio's top ten holdings and Morningstar ratings can be found in the most recent Fact Card

The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. The views expressed do not reflect the opinions of all investment personnel at Morgan Stanley Investment Management (MSIM) or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.

All information provided is for informational purposes only and should not be deemed as a recommendation. The information herein does not contend to address the financial objectives, situation or specific needs of any individual investor.

The holdings discussed are not all of the Portfolio’s holdings are not all holdings performed in a similar manner as the holdings discussed.

Past performance is not indicative of future results. Download full holdings.

There is no assurance that a Portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market values of securities owned by the Portfolio will decline and that the value of Portfolio shares may therefore be less than what you paid for them. Accordingly, you can lose money investing in this Portfolio. Please be aware that this Portfolio may be subject to certain additional risks. In general, equities securities’ values also fluctuate in response to activities specific to a company. Investments in foreign markets entail special risks such as currency, political, economic, market and liquidity risks. The risks of investing in emerging market countries are greater than risks associated with investments in foreign developed countries. Companies within the infrastructure industry are subject to a variety of factors that may adversely affect their business or operations, including high interest, leverage and regulatory costs, difficulty raising capital, the effect of an economic slowdown or recession and surplus capacity, and increased competition. Other risks include technological innovation, significant changes in the number of end-users, an increasing deregulatory environment, natural and environmental risks, and terrorist attacks. Stocks of small- and medium- capitalization companies entail special risks, such as limited product lines, markets and financial resources, and greater market volatility than securities of larger, more established companies. Non-diversified portfolios often invest in a more limited number of issuers so changes in the financial condition or market value of a single issuer may cause greater volatility in the portfolio. Illiquid securities may be more difficult to sell and value than public traded securities (liquidity risk). Real estate investments, including real estate investment trusts (REITs), are subject to risks similar to those associated with the direct ownership of real estate and they are sensitive to such factors as management skills and changes in tax laws.

Diversification does not protect an investor against a loss in a particular market; however it allows an investor to spread that risk across various asset classes.

Please consider the investment objective, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. To obtain a prospectus, download one at or call 1-800-548-7786. Please read the prospectus carefully before investing.

Morgan Stanley Investment Management (MSIM) is the asset management division of Morgan Stanley.

Morgan Stanley Distribution, Inc. serves as the distributor for Morgan Stanley funds.

Not FDIC Insured—Offer No Bank Guarantee—May Lose Value—Not Insured By Any Federal Government Agency—Not A Deposit
Morgan Stanley Investment Management, Inc.

Morgan Stanley | 522 5th Avenue, Floor 8 | New York, NY 10036
© 2017 Morgan Stanley. Morgan Stanley Distribution, Inc.

1722716 3/1/2018  

It is important that users read the Terms of Use before proceeding as it explains certain legal and regulatory restrictions applicable to the dissemination of information pertaining to Morgan Stanley Investment Management's investment products.

The services described on this website may not be available in all jurisdictions or to all persons. For further details, please see our Terms of Use.

Not FDIC Insured—Offer No Bank Guarantee—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

Privacy & Cookies    •    Terms of Use

©  Morgan Stanley. All rights reserved.

Morgan Stanley Distribution, Inc. Member FINRA/SIPC.