Perspectives · Infrastructure · 2026

What infrastructure investing means

Infrastructure covers assets that societies depend on: power generation and grids, pipelines, ports, airports, toll roads, water systems and digital networks. Their income often comes from regulated tariffs or long contracts, and many are linked to inflation.

That can make their cash flows steadier than many other assets. It also ties their value to decisions made by governments and regulators, as the US infrastructure and climate laws of 2021 and 2022 showed, and to how well the asset performs when it matters, as the Texas winter storm in 2021 and the Iberian blackout of 2025 showed.

Infrastructure assets are long-lived and usually hard to sell quickly. Their value depends on the cost of finance, because they are often funded with debt.

General information only; not investment advice. Read the risk warning.