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Magellan (ASX: MICH) discusses how natural disasters impact infrastructure stocks

PUBLISHED

2020-01-31

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Infrastructure stocks, like any other, are affected to at least some extent by the onset of a natural disaster. Gerald Stack, Portfolio Manager of the Magellan Infrastructure Fund, Currency Hedged (ASX code: MICH), explains the particular impact these sorts of events can have on the sector.

Key points in the video :

• The compact that exists between the Utilities sector and the community;

• How participants in the sector plan for the future and protect their investments against unexpected events;

• Why infrastructure stocks can be more exposed to one-off disasters and the like;

• Unearthing the risks inherent to each company and their methods of managing them;

• An example of what can happen in the aftermath of this type of incident and how Magellan's team analyses it in an investment context.

Gerald Stack joined Magellan Asset Management in 2007 and is Head of Investments and leads the team responsible for managing Magellan's infrastructure portfolios and providing research coverage of companies within the infrastructure, transport and industrials sector. He also heads Magellan's Investment Committee.

Gerald holds a Bachelor of Economics and a Master of Business Administration, both from Sydney University, and is a Chartered Accountant.

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