Infrastructure and related investments can help investors grow their wealth, diversify portfolio returns, and better match long-term liabilities to assets. (UBS)

Infrastructure can benefit from upgrades, net-zero investment, and government support.


  • Emerging Asia needs to invest USD 1.7 trillion in infrastructure each year from 2016 to 2030 to remain competitive, according to the Asian Development Bank.
  • CIO expects about USD 40–50tr of global energy transition investments in the years 2021–30, in support of net-zero efforts.
  • Policies like the US Inflation Reduction Act and the EU Green Deal Industrial Plan demonstrate government support for infrastructure.

We see return potential in industrials, greentech, and automation and robotics.


  • Global industrials can benefit from a robust next capital spending cycle, including in defense, mining, and oil and gas.
  • Greentech companies are exposed to infrastructure spending on the energy transition, decarbonization, and energy efficiency.
  • We estimate the overall automation and robotics market to grow to USD 334bn in 2024, from USD 269bn in 2022.

Long-term exposure to infrastructure can help achieve financial goals.


  • High barriers to entry and the monopolistic positioning of many infrastructure assets make them less sensitive to the economic cycle.
  • Since 2003, infrastructure has typically performed best when global inflation has been high (based on Cambridge Associates Infrastructure Index data).
  • Infrastructure's long-term cash flows may help investors better match assets with liabilities, especially beyond their lifetime.
  • Private market infrastructure can also help investors grow wealth and align with financial goals, subject to careful risk management.

Did you know?


  • The International Energy Agency (IEA) estimates that the global market for key mass-manufactured clean energy technologies will reach a value of about USD 650bn by 2030, more than triple today's level.
  • Achieving long-term climate objectives is increasingly driving public-private infrastructure partnerships. For example, the government of New Zealand recently announced it will launch a NZD 2bn (USD 1.2bn) climate infrastructure fund, in conjunction with Blackrock. It will seek to invest in solar, wind, green hydrogen, and energy storage solutions.

Investment view


Infrastructure and related investments can help investors grow their wealth, diversify portfolio returns, and better match long-term liabilities to assets. We see value in infrastructure (including greentech) and selected long term themes including automation and robotics. On a tactical horizon, we like global industrials as a means to express this theme.


Main contributors - Matthew Carter, Vincent Heaney


Original report - Can infrastructure add value to my portfolio?, 11 September 2023.