Global transition infrastructure

Investing in companies enabling the decarbonisation of economies, investing in climate-resilient infrastructure and/or demonstrating credible decarbonisation pathways

  • Investing in companies enabling the decarbonisation of economies, investing in climate-resilient infrastructure and/or demonstrating credible decarbonisation pathways
  • Targeting companies with stable, inflation-linked cashflows that grow over time
  • Mitigating risk through disciplined exclusions on material fossil fuel exposures inconsistent with supporting the energy transition and controversial business activities

 

We use a tight definition of infrastructure assets based on low-volatility cashflows, inflation protection, and sustainability factors, to achieve diversification with other asset classes such as global equities.

Our approach to ESG

Our investment philosophy

We invest in listed infrastructure companies across the globe that provide essential services to society, typically physical network monopolies such as toll roads, water utilities, electric grids and telecommunication towers. We focus on companies we believe have the potential to benefit from and/or contribute to the global energy transition, while typically exhibiting low-volatility cashflows and inflation protection characteristics.

We use a fundamental bottom-up approach to identify the key drivers of the business: how it earns revenue, the link to inflation, balance sheet strength, how it is regulated and how its contracts or concession agreements work. Through deep fundamental research including direct engagement with the companies and regulators and proprietary financial modelling, we assess whether cashflows or earning display low volatility and how inflation protection operates.

ESG and sustainability considerations are embedded into every stage of the investment process, both to manage risks and to identify opportunities. Since infrastructure assets are long-term, privileged assets, we believe they need to be socially minded and sustainable.

By setting strict assets under management capacity limits for our strategy, we can ensure the portfolio only consists of our best ideas, and we can move in and out of stocks quickly if necessary.

Our investment approach

We target companies that are enabling the decarbonisation of economies, investing in climate-resilient infrastructure or demonstrating credible decarbonisation pathways. We see meaningful energy transition-related investment opportunities across decarbonisation, particularly in the utility space, the electrification of society and digitalisation, where infrastructure is needed to support the transition.

Each company’s exposure to and role in the energy transition is assessed through the Investment Team’s proprietary Corporate Sustainability & Governance (CS&G) framework. Please see more in the Fund’s ESG integration framework.

The focus list is further filtered to exclude companies with material fossil fuel exposures inconsistent with the energy transition and exposure to controversial business activities as set out in the Fund’s ESG Exclusions Framework. What remains is a concentrated opportunity set of infrastructure companies positioned to contribute to and/or benefit from the global energy transition.

Our experience aligned team

The Maple-Brown Abbott Global Listed Infrastructure business, established in 2012 as a partnership between the founding Principals and Maple-Brown Abbott Limited, operates as a boutique within a boutique. The experienced team is behind the new Global Transition Infrastructure Fund backed with more than 17 combined years of investment experience and an ESG specialist.

We pride ourselves on having a deep, long-term alignment with our clients. The founding partners and the team own 54% of the equity in the Global Listed Infrastructure business and we invest in the strategy alongside our investors.

Maple-Brown Abbott Global Transition Infrastructure Fund - Class P

The Fund is actively managed and invests in global listed infrastructure securities across regulated, contracted and concession assets that provide essential services and are positioned to contribute to and/or benefit from the global energy transition. Generally, the securities in the portfolio have a market capitalisation greater than US$500 million.

Potential investments are drawn from a strictly selected infrastructure focus list of around 100 companies across more than 20 countries based on a tight definition of infrastructure. Stocks on the focus list are those the team believes provide the strongest combination of inflation protection and low volatility. Exclusions apply to companies with material fossil fuel exposures inconsistent with the energy transition and exposure to controversial business activities as set out in the Fund’s Exclusions Framework.

Each company’s role in the energy transition is assessed through the proprietary Corporate Sustainability & Governance (CS&G) framework. The scoring is done simultaneously with comprehensive company research and is used to inform investment decisions.

The team conducts bottom-up research including direct engagement with companies and regulators, proprietary financial modelling, and governance and sustainability analysis, combined with a top-down approach to managing macroeconomic risks.

Fund facts
Inception date
29/05/2026 		Distribution frequency
Quarterly
Benchmark
FTSE Global Core Infrastructure 50/50 Total Return Net Tax Index in AUD. 		Minimum initial application
$ 20,000
APIR code
MPL8436AU 		Management fees and costs %*^
0.98
Pricing frequency & cut-off
Daily/12pm Sydney time on a Business Day 		Buy/Sell spread %^
0.15/0.15
*Management fees and costs for the Fund are made up of the management fee, indirect costs (if any) and estimated recoverable expenses.
^Additional fees and costs may also apply in relation to an investment in the Fund. For a full description of the fees and costs refer to the Product Disclosure Statement and Additional Information Booklet for the Fund.

Maple-Brown Abbott Global Transition Infrastructure Fund – Class H (Hedged)

The Fund is actively managed and invests in global listed infrastructure securities across regulated, contracted and concession assets that provide essential services and are positioned to contribute to and/or benefit from the global energy transition. Generally, the securities in the portfolio have a market capitalisation greater than US$500 million.

Potential investments are drawn from a strictly selected infrastructure focus list of around 100 companies across more than 20 countries based on a tight definition of infrastructure. Stocks on the focus list are those the team believes provide the strongest combination of inflation protection and low volatility. Exclusions apply to companies with material fossil fuel exposures inconsistent with the energy transition and exposure to controversial business activities as set out in the Fund’s Exclusions Framework.

Each company’s role in the energy transition is assessed through the proprietary Corporate Sustainability & Governance (CS&G) framework. The scoring is done simultaneously with comprehensive company research and is used to inform investment decisions.

The team conducts bottom-up research including direct engagement with companies and regulators, proprietary financial modelling, and governance and sustainability analysis, combined with a top-down approach to managing macroeconomic risks.

Fund facts
Inception date
29/05/2026 		Distribution frequency
Quarterly
Benchmark
FTSE Global Core Infrastructure 50/50 Total Return Net Tax Index in AUD. 		Minimum initial application
$ 20,000
APIR code
MPL0862AU 		Management fees and costs %*^
1.00
Pricing frequency & cut-off
Daily/12pm Sydney time on a Business Day 		Buy/Sell spread %^
0.15/0.15
*Management fees and costs for the Fund are made up of the management fee, indirect costs (if any) and estimated recoverable expenses.
^Additional fees and costs may also apply in relation to an investment in the Fund. For a full description of the fees and costs refer to the Product Disclosure Statement and Additional Information Booklet for the Fund.

Unit price

Interested in investing with us?

Contact us

Unit price

Interested in investing with us?

Contact us

Forms and fund information

Forms

Application form
Additional application form
Withdrawal form
Transfer form
Change of details form

Fund information

Product disclosure statement
Additional information booklet
Target market determination
Financial services guide

Forms

Application form
Additional application form
Withdrawal form
Transfer form
Change of details form

Fund information

Product disclosure statement
Additional information booklet
Target market determination
Financial services guide

We currently do not have any funds registered for sale in your jurisdiction

Please contact Simon Beram, Director, Distribution and Research for further information on:
T +61 2 8226 6231 |  E sberam@maple-brownabbott.com

Portfolio Managers

A dedicated, experienced and focused team of infrastructure investors.


Co-Founder and Managing Director, Global Listed Infrastructure
Co-Founder and Managing Director, Global Listed Infrastructure

Andrew Maple-Brown

BEng, BCom, MAppFin, CIM
Andrew joined Maple-Brown Abbott in 2012. Andrew is the Managing Director of Maple-Brown Abbott Global Listed Infrastructure which he started with his partners in 2012. Before joining Maple-Brown Abbott he spent eleven years working for Macquarie Group, the remaining five years of which he spent as a Portfolio Manager within their Global Listed Infrastructure team, working in Sydney and New York. Andrew has more than twenty years of experience in financing and investing in infrastructure assets and securities. In addition to being a portfolio manager for the strategy, he is also responsible for coverage of Regulated Utilities across North America. Andrew began his career at Lend Lease and was there for five years.

 

Board and committee membership:
Maple-Brown Abbott Global Listed Infrastructure Pty Limited Board
Asset Allocation Committee

Andrew

More articles by Andrew


Steven Kempler | Co-Founder and Portfolio Manager, Global Listed Infrastructure
Co-Founder and Portfolio Manager, Global Listed Infrastructure

Steven Kempler

BCom, LLB, MFin, CFA
Steven joined Maple-Brown Abbott in 2012 and is co-founder and portfolio manager of global listed infrastructure. Prior to Maple-Brown Abbott, he spent six years in Macquarie’s Global Listed Infrastructure team as an investment analyst covering infrastructure and utilities in the Asia Pacific region. He was later appointed as a joint Portfolio Manager for Macquarie’s Emerging Market Listed Infrastructure strategy.  Prior to joining Macquarie, Steven worked briefly within Rothschild’s investment banking division in London, specifically on debt and mezzanine private placement transactions. Steven is an airports expert and is responsible for the coverage of the team’s airport investments around the globe, the transportation infrastructure and communication infrastructure assets.

 

Board and committee membership:
Maple-Brown Abbott Global Listed Infrastructure Pty Limited

Steven

More articles by Steven

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This webpage is prepared by Antipodes Partners Limited (“Antipodes”) (ABN 29 602 042 035, AFSL 481 580) as the Investment Manager of the Maple-Brown Abbott Global Transition Infrastructure Fund (ARSN 696 227 835) (‘the Fund’). Maple-Brown Abbott Limited (‘MBAL’) (ABN 73 001 208 564, AFSL 237296), is the Responsible Entity of the Fund. MBAL and Antipodes are subsidiaries of Antipodes Partners Holding Limited (ABN 91 602 828 526). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the relevant Fund are available above. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.
For historic TMDs please contact MBAL’s Client Service Phone +61 8059 7671 or Email invest@maple-brownabbott.com.
This webpage is for general information only. It is not intended as a securities recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. It has been prepared without taking account of any person’s objectives, financial situation or needs. Any persons relying on this information should obtain professional advice before doing so. Past performance is for illustrative purposes only and is not indicative of future performance.
Whilst Antipodes and MBAL believe the information contained on this webpage is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. Subject to any liability which cannot be excluded under the relevant laws, Antipodes and MBAL disclaim all liability to any person relying on the information contained on this webpage in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. Any views expressed on individual stocks or other investments, or any forecasts or estimates, are not a recommendation to buy, sell or hold, they are point in time views and may be based on certain assumptions and qualifications not set out in part or in full. This disclaimer extends to any entity that may distribute this communication. Any opinions and forecasts reflect the judgment and assumptions of Antipodes and its representatives on the basis of information available as at the date of publication and may later change without notice. Any projections contained on this webpage are estimates only and may not be realised in the future. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained on this webpage is prohibited without obtaining prior written permission from Antipodes.

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