American Listed Infrastructure (ALI) is a new, United States (US) focused liquid real asset strategy that seeks to provide investors with inflation protected income and solid capital growth. It comprises a diversified portfolio of essential service infrastructure companies that own assets in the US.
Infrastructure assets provide essential services to the communities they serve. They commonly have defensive characteristics of high barriers to entry, strong pricing power, structural growth and predictable cash flows that foster stable income and total returns over time.
The essential service nature of infrastructure, combined with defensive investment characteristics, means the risk/return profile of infrastructure sits between fixed income and equities.
ALI consists of electric, gas and water utilities, cell towers, freight railways, energy infrastructure (oil and natural gas pipelines & storage), waste management, data centers, toll roads and airports.
Each of these infrastructure sub-sectors have different risk/return profiles, as outlined in the following chart.