FUND IN FOCUS 11
USD 130trn is expected to be spent over the next three decades to ensure infrastructure and real estate assets meet the evolving needs of society. The CBRE IM team is already witnessing a multitude of compelling corporate opportunities, tied to the themes of environmental and social stewardship, and technological evolution. Over the next two decades, USD 65trn is set to be allocated to support- ing environmental stewardship, as the demands of a growing population put enormous pressure on global resources. National Grid, the owner of critical UK electricity transmission networks, is a good exam- ple of a company at the forefront of environmental stewardship. Between 2022 and 2026, National Grid is set to undertake capital expenditure of GBP 30-35bn to ensure the UK is able to meet its net-zero targets. Within social stewardship, infrastructure and housing developments have clearly not kept pace with recent demographic and societal change in many parts of the world, and major investment is needed to ensure these assets are future-proof. Ventas, the diversified healthcare REIT with 1,200 properties across the US, Canada and the UK, is a key beneficiary of secular trends, including senior housing demographics and accelerating demand from the medical office and life science markets. As for leaders within technological transformation, Portuguese electric utilities group EDP is a shining light in decarbonisation innovation. It is one of the world’s largest renewable energy de- velopers, generating 24.7GW per year, which services nine million customers. EDP aims to abandon all coal production by 2025 and operate with 100% renewa- ble capacity by the end of the decade. Making it real “Real assets offer a historic track record of resilient returns and the ability to invest in society’s sustain- able future,” says Anagnos. As the world is facing challenges on multiple fronts – high inflation, an energy crisis and potentially the tipping point for climate change – sustainable listed real assets may offer the solution for investors’ portfolios, so- ciety and the planet. Nordea’s Global Sustainable Listed Real Assets strategy is built to address all of these.
Transport, housing, telecommunications, utilities – real assets play a major role in our daily lives, and also in the transition towards a more sustainable way of living.
Nordea 1 – Global Sustainable Listed Real Assets Fund
Jeremy Anagnos
Manager
USD
Base currency
LU2500361329 (BP-USD) LU2500361675 (BI-USD)
ISIN
17.08.2022 (BP-USD, BI-USD)
Launch date
ISSUE 02.2022
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