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This fund manager tunes out AI hype to flag the infrastructure stocks to buy now. Think roads, water and telecom towers.

investing ideas :: 5hrs ago :: source - marketwatch

By Barbara Kollmeyer

The Auxance viaduct on the South Europe Atlantic high-speed rail line between Tours and Bordeaux, built by France's Vinci. Infrastructure is more than AI, says Lazard portfolio manager Bertrand Cliquet. Photo: Julien Valantin/Vinci

Getting investors to look past the dazzle of artificial intelligence and data centers toward ordinary roads, bridges and cell towers is a fairly tall order these days.

That’s the strategy at the $12.3 billion Lazard Global Listed Infrastructure Portfolio fund GLIFX, the Irish-domiciled Lazard Global Listed Infrastructure Equity Fund and the newer Lazard Listed Infrastructure ETF GLIX, seeking out opportunities in energy, water, transport and communications.

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