Short-term challenges in a good long-term environment

The discussion kicked off with a question related to the definition of infrastructure as the answer may differ.

Tim Skerman: “There’s no public market asset class definition, so each person needs to define that. We also think that some of the indices are poorly defined. As a specialist focused on infrastructure, we like to look really broad in order to assess individual opportunities that fit with the overall thematic drivers that we’ve identified.” Maria Wendestam: “So you are not limited by an index but instead create your own universe?” Tim Skerman: “As we define the universe, we will look at around 700 stocks that would fit somewhere into infrastructure and then we’re drilling down from there in order