Global Infrastructure

Invested in some of the world's largest infrastructure assets

The Portfolio offers investors the opportunity to invest in world-leading infrastructure assets. 
An infrastructure asset is a physical asset which is essential for an economy. They include roads, bridges, railways and airports as well as mobile towers, satellite networks, water and waste management.

Infrastructure assets offer investors several benefits. They generally offer stable long-term returns. They enjoy relatively constant demand, regardless of the economic cycle, as infrastructure is needed every day for society to function. This makes them more resilient than many other types of investments in an economic downturn. Infrastructure assets also tend to hold monopoly positions and are less impacted by changes in science or technology.

A solid hedge against inflation

Most infrastructure investments have revenues that are contractually linked to inflation, such as tolls on toll-roads, waste management services or aircraft or seaport landing or docking fees. This can help maintain investors’ purchasing power over time. As infrastructure assets generally have a long lifespan, there is potential for significant capital appreciation of the asset as demand for it grows and the replacement cost of construction rises. Many infrastructure projects also receive support from governments through incentives, subsidies, or favourable regulatory frameworks, which can reduce risk and enhance returns for investors.

Quality, transparency & liquidity

A diversified portfolio of listed company shares enables investors to own a small fraction of a wide range of infrastructure projects which could not be accessed privately. Listed company status also ensures that corporate governance, financial position and management decisions are transparent and publicly accountable. Investors can see each of the companies the Portfolio owns and which infrastructure projects they own and operate. By using a portfolio structure, clients can deposit or withdraw large or small amounts whenever they wish, without worrying about liquidity or portfolio rebalancing.

Since inception (17 March 2023) to 30 September 2026. Returns are stated after full Portfolio fees and expenses including performance fees (where applicable), but before any advisory fees or investor tax. No management fee rebates have been applied to these numbers, see PDS for management fee rebate criteria. Past performance is not necessarily an indication of future returns. Maximum decline represents the largest decline in value in the previous 12 months. Volatility 5 Years is the annualised standard deviation calculated from weekly returns of the Portfolio and market index data over the 5 years ending 30 September 2026. 

The graph displays the change in value of a notional investment of $100 after full fees and tax (assuming a tax rate of 28%) but before any advisory fees (if applicable). No management fee rebates have been applied in the graphs of individual Portfolio performance. In the graph above, month-end returns are shown from inception date (17 March 2023).

NZ Funds takes Environmental, Social and Governance (ESG) criteria into account in its investment decisions. This impacts on our investment choices. Our ESG criteria are set out in the NZ Funds Active Series SIPO. 

NZ Funds is an active manager so the securities listed above may not be held in the future. Past performance is not an indicator of future returns. A full list of securities held by the Strategy is available through NZ Funds Digital Wallet. Rounding may affect totals.

Further information is contained in the Portfolio Profiles and in the NZ Funds Active Series Product Disclosure Statement (PDS).