Real assets and the road ahead

In this look at real asset investments from infrastructure to commercial real estate, Real assets and the road ahead explores the current landscape for institutional investors. Several mega trends globally may be a tipping point for investments such as global listed infrastructure and real estate assets. Trends such as urbanization in China and other countries, as well as increases in working populations in developing markets, are contributing, for example, to the stresses on infrastructure and leading to the need for more investment.

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The views expressed represent the Manager's assessment of the market environment as of September 2017, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice and may not reflect the Manager's views.

IMPORTANT RISK CONSIDERATIONS

Investing involves risk, including the possible loss of principal.

Past performance does not guarantee future results.

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