Insights

Webcasts

Maple-Brown Abbott Australian Share Fund Quarterly Investment Update, June 2018 - Dougal Maple-Brown
Maple-Brown Abbott Global Listed Infrastructure Quarterly Investment Update, June 2018 - Andrew Maple-Brown
Maple-Brown Abbott Asia Pacific equities Quarterly Investment Update, June 2018 - Aaron Macksey
Global Listed Infrastructure Research The role of Global Infrastructure in a portfolio Steven Kempler
Investing in Small Companies at Maple-Brown Abbott Charles Dalziell
ESG at Maple-Brown Abbott Natasha McKean
Insights into infrastructure investing Global Listed Infrastructure - Andrew Maple-Brown

Research papers

Asian equities representing a long term opportunity for growing income

Geoff Bazzan
Head of Asia Pacific Equities
August 2017

In this paper, Geoff highlights how Asia currently offers a unique combination of recovering earnings streams, strong balance sheets, growing free cash flow yields coupled with a modest prevailing dividend payout ratio and supportive valuations. This translates to an opportunity for long term investors who are after growing earnings streams augmented by an even bigger potential increase in dividend income.

Request a copy

The role of infrastructure in a portfolio

Steven Kempler
Portfolio Manager & Investment Analyst
August 2016

Infrastructure investors seek to benefit from the essential service nature and strong strategic positions of the infrastructure assets. Such assets are generally seen to provide a more defensive equity investment with lower cash flow volatility than global equities. Infrastructure investing is also seen as a means of potentially increasing real income levels and providing an inflation hedge within a portfolio. These traits indicate that infrastructure can play a strategic role with the ability to reduce overall portfolio volatility.

Request a copy

Infrastructure investing needs a tight definition

Andrew Maple-Brown
Head of Global Listed Infrastructure
September 2015

In an environment of considerable market volatility and inflation risk, investors globally are searching for defensive portfolio solutions. As such, infrastructure investments have gained greater focus in recent years as investors are drawn to the defensive characteristics of the sector. Inflation protection, reduced volatility (relative to broader equity markets), and portfolio diversification benefits are amongst the core tenants of what an infrastructure approach has to offer. But investors face a dilemma: will an expected defensive asset actually deliver these defensive characteristics when required?

Request a copy

Evaluating global listed infrastructure indices

Andrew Maple-Brown & Steven Kempler
Portfolio Managers & Investment Analysts
June 2015

We have updated our detailed analysis of the major global listed infrastructure indices from 2013. This follows the release of two new global listed infrastructure indices, by both FTSE and MSCI, and the decommissioning of the UBS infrastructure index series. The focus of this paper is on whether the indices truly capture the infrastructure characteristics many investors are looking for, including low cashflow volatility from long lived assets, inflation protection, and portfolio diversification benefits.

Request a copy

Management and governance in listed infrastructure

Justin Lannen
Portfolio Manager & Investment Analyst
Feb 2015

As part of our investment philosophy, we believe investing in listed infrastructure companies with quality management and strong corporate governance is one way to both improve investment returns and reduce risk. This view is based on our experience in the infrastructure sector and is supported by various academic studies over the years.

Request a copy

Regulated Utilities - friend or foe?

Andrew Maple-Brown
Portfolio Manager & Investment Analyst
July 2014

We believe the characteristics of regulated electric, gas and water utilities are good examples of why we invest in infrastructure assets. These businesses provide essential services through monopoly assets that typically have very low volatility of cashflows. Such utilities also constitute a key component of the Global Listed Infrastructure (GLI) opportunity set, comprising approximately half of Maple-Brown Abbott’s GLI Focus List.

Request a copy

Global Infrastructure in a Portfolio

Steven Kempler
Portfolio Manager & Investment Analyst
November 2013

Infrastructure investors seek to benefit from the essential service nature and strong strategic positions of the infrastructure assets. Such assets are generally seen to provide a more defensive equity investment with lower cash flow volatility than Global Equities. Infrastructure investing is also seen as a means of potentially increasing real income levels and providing an inflation hedge within a portfolio. However, the questions often asked by investors and consultants alike are where does infrastructure sit within a portfolio and does it deserve a strategic allocation in a diversified portfolio?

Request a copy

Infrastructure - a single asset class

Steven Kempler
Portfolio Manager & Investment Analyst
November 2013

Investors target infrastructure as an asset class for many reasons including the potential for lower volatility, higher earnings stability, inflation protection and portfolio diversification benefits as compared with broader equities. There are two commonly used avenues for investing in such assets – either through securities that are listed on global exchanges or as unlisted equity, which can be a direct investment into the assets or via pooled investment vehicles.

Request a copy

Articles & observations

"A” share bubble need not burst the Asian equity opportunity

Geoff Bazzan
Head of Asia Pacific equities
July 2015

"A” share bubble need not burst the Asian equity opportunity

Returning to resources

Dougal Maple-Brown
Head of Australian Equities
July 2013

Returning to resources

Media releases