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By Alex ARAUJO, Manager of the MG (Lux) Global Listed Infrastructure Fund
Infrastructure plays a crucial role as the backbone of the global economy. Yet not enough is being invested in the assets which provide society’s essential services.
In the developed world, spending on the care, maintenance and expansion of our existing infrastructure has fallen woefully short of the mark, leaving many of our critical assets creaking at the seams. We can all relate to this in our daily lives. The shortfall is most acute in the US where government spending on infrastructure as a share of GDP has slumped to a 70-year low. With government finances under pressure and limited expertise in the public sector, the private sector will play...
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