Earlier this month, the RBA cash rate hit a record low of 2.0% and recent speeches suggest it will stay low for a while yet. With few places to park money at decent returns, investors have flocked to higher-yielding infrastructure stocks.
‘Yield seeking’ has paid off, too. The All Ordinaries Index has increased 6% over the past year, while the Utilities Index increased 12% and the Telecommunications Services Index rose 20%.
LIC focused on global infrastructure