We expect the massive investment in infrastructure resulting from urbanization, aging infrastructure in developed countries and demand for new infrastructure in developing countries, will continue to create significant investment opportunities in companies around the world that build, operate, own or provide services to infrastructure assets, said Michael Noland, managing director and lead portfolio manager of the fund.
Certainly in the U.S., President-Elect Barack Obama has made it a point to make infrastructure one of his priorities, Noland noted. The same is true abroad, he said. To stimulate their economies, governments in countries around the world such as Brazil, China, Germany, the United Kingdom, South Korea and Australia are accelerating implementation of infrastructure projects, Noland said.
