Infrastructure tipped to prosper as rates rise

Amid sluggish global growth and the prospect of rising US interest rates, some institutional investors are looking to infrastructure as a fixed income substitute, with listed funds seen as an increasingly popular route for doing so. “Steady, but not too strong economic growth and slowly rising or stable interest rates present a good market environment for infrastructure,” said Matthias Meyer, Zurich-based head of liquid real assets for Asia and Europe at Deutsche Asset & Wealt…