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.