Here we look at Global Listed Infrastructure Securities trends over the past decade - and what the next decade may hold.
The past decade has witnessed the birth of a new asset class: Global Listed Infrastructure Securities (GLIS). While investors have embraced infrastructure as an asset class since the 1990s, the idea of investing in infrastructure via listed securities was developed by a small number of Australian asset managers in 2005-2007.
GLIS is now widely acknowledged as a standalone asset class by asset consultants, investors and the funds management industry. Today we estimate funds under management in GLIS to stand at around US$100 billion; not bad from a standing start just a decade ago.
This paper (1) reviews the performance the asset class has achieved for investors over the past 10 years; (2) analyses the steady increase in investible assets; (3) reviews major trends that have affected GLIS thus far and (4) looks ahead to the main themes we expect will impact GLIS over the next decade.
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