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Infrastructure Equity

Disciplined investing in the global infrastructure companies that underpins the Economy

Alternative Credit

Alternative Solutions

Real Assets

What’s new

  • Tariffs, Taxes, President Trump and Transmission

    What does this mean for infrastructure equity?

  • US Utilities Travel Diary

    Joseph Titmus, Managing Principal, Listed Infrastructure Equity, recently travelled to the US to meet with the management teams of our US utilities and visit assets.

  • Powering AI

    The rapid rise of AI is driving demand for large-scale data centres and with it, the considerable power these facilities need.

Who we are

Who we are

Infrastructure forms the basis of modern society, providing necessary services for the stability and growth of the economy. Naturally resilient, infrastructure assets can generate inflation-linked, long-dated and sustainable earnings growth through the economic cycles.

Listed infrastructure can offer immediate and liquid access to core infrastructure assets and the potentially attractive risk adjusted returns could provide diversification to a balanced portfolio.

Who we are

Source: HSBC AM, as of 30th June 2025
Diversification

Cashflow Stability
Listed infrastructure companies—like utilities, toll roads, and pipelines—often generate predictable cashflows through regulated or contracted revenues.
Income/Inflation protection

Growth from Transitions
Sectors such as renewable energy, electric mobility, and digital infrastructure offer long-term capital growth opportunities tied to global transformation.

Growth opportunities

Potential Diversification Benefits
Infrastructure equities tend to have different risk-return profiles than broad equity markets, adding resilience to multi-asset portfolios.

What sets us apart

What sets us apart?

Specialist Focus

Our dedicated team approaches infrastructure investing with over a decade of experience of experience working together.

Long-Term Growth Themes

Gain exposure to the companies exploiting structural shifts like the energy transition, urbanization, and the expansion of digital infrastructure.

Potentially Attractive Risk Profile

Listed infrastructure has historically shown lower volatility and stronger downside protection compared to broader equity markets potentially supporting portfolio resilience.

“The listed infrastructure equity asset class provides access to the companies that develop, operate, and maintain the essential systems powering modern life—spanning energy, transportation, and digital connectivity. By investing in these real assets through public markets, clients can seek stable cashflows, participate in long-term structural growth, and potentially enhance diversification across their portfolios”

Giuseppe Corona, Head of Listed Real Assets

 

Giuseppe Corona

What we do

Leadership

Giuseppe Corona
Giuseppe Corona
Head of Listed Real Assets
Antonio Barbera
Antonio Barbera
Managing Principal
Andy Jones
Andy Jones
Managing Principal
Joseph Titmus
Joseph Titmus
Managing Principal
Claire Zhang
Claire Zhang
Principal
Andrew Steele
Andrew Steele
Principal
Jessica Nguy
Jessica Nguy
Prinicipal, Listed Real Asset
Rory Muldowney
Rory Muldowney
Analyst

Contact us

If you are considering investing in real assets, or want to learn more about our investment strategies, please get in touch.

Ready to talk?


  • Risk Considerations: There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees.
  • Illiquidity: An investment in alternatives is a long term illiquid investment. By their nature, the alternatives’ investments will not generally be exchange traded. These investments will be illiquid.
  • Long term horizon: Investors should expect to be locked-in for the full term of the investment
  • Economic conditions: The economic cycle and prevailing interest rates will impact the attractiveness of the underlying investments. Economic activity and sentiment also impacts the performance of underlying companies, and will have a direct bearing on the ability of companies to keep up with interest and principal repayments.
  • Valuation: These investments may have no or a limited liquid market, and other investments including those in respect of loans and securities of private companies, may be based on estimates which cannot be marked to market until sale. The valuation of the underlying investments is therefore inherently opaque.
  • Strategy Risk: Investments into alternatives may, among other risks, be negatively affected by adverse regulatory developments or reform, credit risk and counterparty risk. The credit market bears idiosyncratic risks such as borrower fraud, borrower bankruptcy, prepayment risk, security enforceability risk, subordination risk and lender liability risk.
  • Investor’s Capital At Risk: Investors may lose the entirety of invested capital
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