A Foundation for Infrastructure – Real Assets Require Real Understanding
Date: Thursday, March 9, 2023
Infrastructure is one of the largest components in pension plan allocation to Alternative asset classes. As a Real Asset, it provides a long lifecycle which aligns nicely with pension liabilities and also provides predictable cash flows, fulfilling present and future needs.
Infrastructure, accessed through direct investment in physical assets, also smooths performance reporting because it does not mark-to-market. But direct investment in physical infrastructure may pose significant operational constraints because it is illiquid and its capacity highly constrained, leading to significant placement delays and consequent tracking errors.
Our panelists will discuss how publicly-listed infrastructure equities can replicate many of the positive attributes found through direct investment in infrastructure, but without the operational impediments:
- The differences between Broad, Core and Pure-play infrastructure assets;
- The way public Pure-play infrastructure assets resemble physical infrastructure assets;
- Market depth and tradability;
- Valuations and Yields
Please join us for an interesting discussion on a vital asset class.
Speakers:
Chris Flynn, CFA, Head, Product Development, CEM Benchmarking, Inc.
Rupert Watts, CFA, CAIA, Senior Director, Strategy Indices, S&P Dow Jones Indices
Vishal Bhatia, Director & Portfolio Manager, BMO Exchange Traded Funds
Moderator:
Mark Webster, Director, Institutional & Advisory, BMO Exchange Traded Funds
The viewpoints expressed by the individuals represent their assessment of the markets at the time of publication. Past performance is no guarantee of future results. This communication is intended for advisors / informational purposes only. Any statements that necessarily depends on future events may be forward-looking statements. Forward-looking statements are not guarantees of performance. BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. ®/™Registered trademarks/trademark of Bank of Montreal, used under licence.
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