Insights

Greg Goodsell, Global Equity Strategist at 4D Infrastructure, looks at the often quoted relationship between listed infrastructure stocks and rising interest rates

Investment themes play an important part in the Quay investment process. Our regular readers would be aware of our favourable view towards parts of the US housing market.

Greg Goodsell, Global Equity Strategist at 4D Infrastructure, looks at the growth of global listed infrastructure as an asset class and why funding infrastructure investment around the world will become the domain of governments and private investors.

The National Rugby League (NRL) competition began this week. Over the years I have actively bet on the opening round in each season. The strategy is to bet against the favourite in each game for the first round. It does not work ever year, but on average I am ahead.

A lack of public investment in infrastructure has been a feature in both developed and emerging economies over the past 30 years. But a combination of an historical underspend, an emerging middle class that will continue to demand more and better infrastructure, and governments with fragile fiscal positions has set the scene for significant private investment in infrastructure in the future.

Over the past five years, financial markets have moved in concert with changes in policy from central banks.

Greg Goodsell, Global Equity Strategist at 4D Infrastructure, looks at why the much needed increased investment in infrastructure, covered in Part 1 of this series, will lead to both an increase in government asset privatisations, and a bigger role for public equity markets in the funding solution.

US Federal Reserve expected to begin cash rate tightening cycle for first time since May 2004. 

Greg Goodsell, Global Equity Strategist at 4D Infrastructure, looks at the prospective growth of global listed infrastructure. In this paper (part 1 of 2) he looks at the need for infrastructure investment around the world and governments’ capacity to fund it.