Peter Meany, head of global infrastructure securities, First State Investments, on headwinds and tailwinds for the asset class.
As we look forward to 2013, we see a number of themes which are supportive of infrastructure continuing to deliver strong absolute and relative returns. While we expect the global economic environment to remain weak overall, there will be changes in the nature and allocation of that growth. We have often talked about a focus on growth which is structural rather than cyclical. While structural growth will remain the main source of returns for the asset class, we see an opportunity to capture some cyclical recovery. We expect this growth to significantly vary by region, with earnings ...
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