ASGI - abrdn Global Infrastructure Income Fund: Global Infrastructure Finds Its Sweet Spot In 2024

2024-03-15 02:15:22 ET

Summary

• The global Infrastructure sector is likely to see a shift in sentiment in 2024 after a poor performance in 2023.
• Trillions of dollars in infrastructure investments are expected globally over the coming decade.
• Emerging trends of decarbonization, digitalization, and deconsolidation/deglobalization are expected to further stimulate infrastructure spending, creating investment opportunities.

According to several highly respected asset managers across the globe, infrastructure is likely to find its sweet spot in 2024 after a tumultuous year in 2023. News from BlackRock with their pending acquisition of Global Infrastructure Partners for $12 billion announced in January is just one data point confirming that the markets are overdue for a shift in sentiment after the infrastructure sector delivered one of the worst performances of any market sector in 2023. In fact, according to a report from UBS published in October 2023, the first half of 2023 suggested the third-worst year for infrastructure equity performance since 2009....

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