European Infrastructure: Infrastructure investing primer: roadmap to real assets and attractive returns

研报英文原文证据摘录

European Infrastructure: Infrastructure investing primer: roadmap to real assets and attractive returns

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European Infrastructure

Infrastructure investing primer: roadmap

to real assets and attractive returns

Industry Overview

Listed Infrastructure: a discrete and attractive asset class 10 July 2026

Our primer on European public equity infrastructure investing sets out to map the Equity

€1.3bn investable universe, examine the ‘HALO’ characteristics of the sector, and outline Pan European

key growth themes. We provide a ‘101’ overview of the main business models across toll European Infrastructure

motorways, airports, regulated utility networks and telco towers. Our separate Primer Equity Research

Picks report outlines our key global stock ideas in infrastructure across Developed and Marcin Wojtal >>

Emerging EMEA, the US, Latin America and Asia-Pacific regions. ResearchMLI (UK) Analyst

+44 20 7996 1070

€1.3tn investable European universe with 13% annual TSR marcin.wojtal@bofa.com

We identify a €1.3tn investable universe of European Listed Infrastructure companies, JakeResearchMcCarthyAnalyst>>

which has collectively delivered a c.12.7% annualized TSR in the last 20 years, vs 8.2% MLI (UK)

jacob.mccarthy2@bofa.com

for European equities and 2.4% for Government bonds. We split the European infra

Peter Bisztyga >>

sector into Utilities (c.€914bn market cap), Transport and Multi-infra (c.€327bn) and Research Analyst

Communications (c.€34bn). The sector contains 34 companies with >€10bn market cap MLI (UK) peter.bisztyga@bofa.com

and 13 companies with >€30bn market cap.

Alexandre Braunshausen, CFA >>

Research Analyst

MLI (UK)‘HALO’ qualities highlight renewed appeal of infra assets

alexandre.braunshausen@bofa.com