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PORTFOLIO PERSPECTIVES | Article - 2 Min

European infrastructure debt: Resilient and essential in the post-Covid environment

In 2020, the onset of the Covid-19 pandemic created an incredibly challenging year for markets. Lockdowns and ensuing societal uncertainties raised volatility levels across most major asset classes.

While not immune to the effects of Covid, infrastructure debt proved to be a resilient asset class by continuing to generate stable income throughout the year. Key sectors such as telecommunications and utilities encapsulated this resilience through the essential nature of the services provided.

This proven resilience and stability earmarks infrastructure debt as the ideal investment solution in a post-Covid environment. Moreover, growing demand for and the secular shift to renewable energy as countries embrace the energy transition, in tandem with digitalisation, represent a significant tailwind for the asset class. For investors searching for stable income with contained volatility, infrastructure debt can be a compelling solution for 2021 and beyond.

In her new white paper, European infrastructure debt: Resilient and essential in the post-Covid environment, Karen Azoulay, head of infrastructure debt and lead manager of the BNP Paribas European Infra Debt Fund – a multiple-award winning sustainability fund – presents the case for infrastructure debt.

Read European infrastructure debt: Resilient and essential in the post-Covid environment to find out how major secular trends such as digitalisation and the energy transition are creating attractive investment opportunities in European infrastructure debt


Please note that articles may contain technical language. For this reason, they may not be suitable for readers without professional investment experience. Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns. Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions). Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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