David Neal 5.0 1 idea

Neal states, "Infrastructure is in many ways the perfect asset class for long-term investors," citing long contracts, essential services, inflation protection, and resilience. In an environment of structural inflationary pressures (energy transition, defense spending, fiscal deficits), the inherent characteristics of infrastructure assets provide a natural hedge and stable, long-dated cash flows. LONG on the infrastructure asset class as a strategic allocation for portfolio resilience and inflation protection, especially given the identified multi-trillion dollar investment need in developed markets like the US. Rising interest rates could pressure valuations, and political/regulatory risk could alter contract terms or returns in essential services.