We believe that investors seek to benefit from the essential service nature and strong strategic positions of infrastructure assets. Such investors also look for inflation protection and more stable income relative to certain other asset classes such as global equities and global REITs. The growing global interest in infrastructure has been supported by a historically lower volatility and a less than perfect correlation with global equities. We have previously analysed the role of infrastructure in a portfolio including capital preservation, downside protection during market weakness, reduced correlations with other assets, and a long-term inflation-linked growth in income. In this report, we review whether these attributes still hold true.