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Investment funds
To be able to arrive, to be able to be, to be able to speak. For everything.
Infrastructure
Infrastructures provide us with essential services to be able to go about our day-to-day lives. We flick a switch and we have light; we move using motorways, bridges and railways; we talk on the phone thanks to repeaters; we warm up when it's cold... Essential assets in any society.
Why invest in this trend?
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These companies supply our daily consumption.Companies that own or operate water, gas or electricity supply facilities, but also others equally necessary and in continuous development, such as those dedicated to transport or telecommunications infrastructure.
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A trend that provides reliable and growing revenue.As well as diversification between the different infrastructure sub-industries and in the different political and regulatory regimes that offer different risk exposures.
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Greater protection against inflation.Thanks to long-term regulated contracts, infrastructure companies can modify the price according to the evolution of inflation and pass it on to the end customer.
In an uncertain macroeconomic environment, infrastructure and public services represent a solid option for long-term investment.
The reopening of the economies and the return to normality after the pandemic support the new growth cycle of infrastructures, especially those that will play a key role in the process of electrifying installations.
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Infrastructure improvement plans of the main economies.For example, in the US, where the recent infrastructure improvement law will allocate 1.2 trillion USD to improve, among other objectives, power lines.
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Creation of plans for the use of 5G.Which must entail an investment in the construction of communication towers.
According to figures from the International Energy Agency, annual investment in the energy sector is expected to rise from 760 billion dollars in 2019 to 2.5 trillion in 2030. Almost triple!
- More than half of the investment will go to renewable energy.
- And more than a third will be allocated to the expansion, modernisation and digitisation of electricity grids.
Public policies that seek to electrify their economies as much as possible and do it in the most efficient way.
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Goodbye coal.Infrastructures play a key role in the decarbonisation process of the main developed economies.
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Welcome to renewable energies.Net Zero objective of the main developed economies: feed the electricity grids with as much renewable energy as possible.
Global timelines to reach net zero emissions
Source: World Resources Institute, IPCC.
The investment is focused on listed infrastructures, such as concessionary, railway and road infrastructures, and communication and electrical towers. These companies are essential for us to be able to live in cities.
- A highly diversified investment universe, which ranges from companies dedicated to water, gas or electricity, to communication and transport companies.
What do the experts think?
- Defensive nature: The S&P Global Infrastructure Index participates in 70-75% of the beta of the MSCI AC World Index, in both months when markets are up and down, offering a level of protection in periods of uncertainty.
- Infrastructure companies can offer predictable dividend payouts because they have stable earnings derived from the underlying assets. For investors, this circumstance offers excellent visibility into income and dividends
- Concession companies behave better in an environment of growth and rising real rates, given their more cyclical nature.
- Utilities suffer more in a real rate rising environment. Despite this, utilities offer attractive valuations, opportunities for growth, and it is possible to find opportunities in the sector.
Our investment proposal
The value of investment funds1 can fall as well as rise, and you may get back less than you invested.
LU2092758726
ROBECOSAM CIRCULAR ECONOMY EQUITIES "D" (EUR) ACC
High
EUR
1,50%
1000 €
Access your private area to continue arranging the fund.
Go to y account
Call us on 900 816 833 and we'll explain how to arrange this fund.
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Show/Hide legal text1 Investment funds: The key investor information document, prospectus and all other legal documents related to Bankinter's collective investment institutions are available at any of our branches, on the Bankinter website (www.bankinter.com) and on the Spanish National Securities Market Commission (CNMV) website (www.cnmv.es).
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Show/Hide legal text2 The fees shown are the sum of the management and depositary fees. These fees are charged annually.