FUND IN FOCUS 9
„ Real assets offer the opportunity to drive real change as they literally underpin society’s basic needs. Jeremy Anagnos portfolio manager at CBRE Investment Management
Infrastructure strategy, is spearheading the new vehicle, alongside his colleague Joseph Smith. “ESG integration is crucial – given the unique nature of real assets. We strongly believe management teams that are mindful of the needs of all stakeholders and who can articulate, measure and tackle ESG issues are more likely to make superior business decisions and deliver enhanced long-term value,” says Anagnos. The partnership between CBRE IM and NAM’s RI Team made this new sustainable real assets reality possible. Real assets to drive real change “Real assets offer the opportunity to drive real change, since they literally underpin society’s basic needs: from housing to transport to utilities to tele- coms infrastructure,” Anagnos points out. At the same time, these assets have the potential to spearhead environmental change. “While industries within the infrastructure and real estate spaces are responsible for half of all carbon emissions today, these sectors also make up almost three-quarters of current capital spent towards global low-carbon initiatives,” the portfolio manager explains. “Sustainable real assets companies are at the forefront of net-zero action by investing in green initiatives such as the installation of solar farms, by upgrading transmission lines and improving building energy efficiency.” In addition to being bullish on the merits of a sustainable real assets strategy over the long term, Anagnos and Smith believe the underlying universe of companies targeted by this strategy also provides investors with a solution to address many of today’s acute shorter- term challenges, especially inflationary pressures.
At a glance
` The recently launched Article 9 vehicle combines NAM’s longstanding expertise in ESG and CBRE IM’s renowned listed real assets capability ` In addition to contributing to the long-term fight against climate change, the strategy aims to provide a solution to today’s acute shorter-term challenges – namely the energy crisis and associated inflationary pressures 1 ` The sustainable real assets opportunity set is enormous, with upwards of USD 130trn expected to be spent over the next three decades to ensure infrastructure and real estate assets meet the evolving needs of society
1 There can be no warranty that an investment objective, targeted returns and results of an investment structure is achieved. The value of your investment can go up and down, and you could lose some or all of your invested money.
Real assets as a solution for investors, too Besides the well-known ability of real assets to
ISSUE 02.2022
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