Is now the time to buy infrastructure trusts?

Focus on alternative sector

In a seemingly more politicised and less certain world, investors are being forced to revisit areas they may have previously steered away from.

One such space is infrastructure - or more specifically, listed infrastructure vehicles (vehicles that directly own tangible assets and projects, such as HICL Infrastructure and John Laing Infrastructure). These are different from listed companies that operate within the infrastructure arena, such as Vodafone, Centrica or Ferrovial in Spain. Investors' concerns started with John McDonnell's Labour Party conference speech last September when he declared a Labour government would "bring existing PFI contracts back in-house". Uncertainty grew with the failure of Carillion and a profit...