How infrastructure can have a social edge

Further, he is able to tap into larger macroeconomic themes by taking a more forward-looking view, without compromising those three underlying characteristics; those around cash flow, regulation and income.

Lydotes says there is a slow but definite mindset shift taking place among his fellow investors, opening their collective minds towards less traditional types of assets.

He points to the inclusion of telecoms in the MSCI Global Infrastructure Index, which hitherto was never considered within the infrastructure sector but has since been more widely recognised as sharing many of the qualities of a regulated utility, in terms of business model.

“None [of our peer group] used to own REITs, or asset-owning telecoms businesses – things are starting to evolve and these can now be seen as on par with energy or electricity. The mindset is changing.”

Investing in the Agents of Change. Find out about the BNY Mellon Global Infrastructure Income Strategy here.

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