This report, authored by UBS Asset Management’s Infrastructure Strategy team, examines how President Trump’s first 100 days and his bold policy shifts shape infrastructure investing. Despite short-term turbulence, infrastructure remains a defensive, inflation-hedging asset class with strong long-term prospects.
Key Insights:
- Stagflation Favorable: Infrastructure historically outperforms in high-inflation, low-GDP environments—conditions likely under current US policy.
- Trade and Onshoring: Tariffs and reshoring drive domestic transport and manufacturing demand, but global trade assets face headwinds.
- Energy Divergence: Renewables face policy uncertainty yet remain cost-competitive; meanwhile, oil/gas growth is plateauing.
While short-term risks persist, diversified infrastructure portfolios are poised to benefit from inflation protection, secular trends (AI, reshoring), and monopolistic pricing power. Discover where the smart capital is flowing.
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