The MainStay CBRE Global Infrastructure Megatrends Term Fund, commonly referenced by its trading ticker MEGI, is a pioneering investment fund that intricately blends infrastructure and megatrend investing by directing capital towards companies in the areas of technological evolution, urbanisation, climate change, and demographic shifts. The fund acknowledges that these macroeconomic and sociopolitical areas represent some of the most significant driving forces influencing our global future, and as such, represent promising investment opportunities.
Established and managed by a consortium of investment professionals from MainStay Funds Trust and CBRE Clarion Securities LLC, MEGI was conceived to fill the gap in the market for a fund that capitalises on these global megatrends. Both institutions bring deep industry expertise and provide the strategic guidance that supports MEGI's mandate. MainStay, a subsidiary of New York Life Investment Management LLC, boasts a strong record in asset management and trusted client relationships. On the other hand, CBRE Clarion Securities is a premier global asset management firm specializing in real asset securities, providing a comprehensive perspective to the understanding, selection, and management of infrastructure-related investments.
The goal of MEGI is to provide long-term total return primarily through investments in equity securities of infrastructure companies worldwide. These include utility companies, transportation infrastructure, energy, telecommunications, and companies linked with sustainable resources. By investing in these sectors, the fund aims to outperform traditional market indices by banking on megatrends.
The investment strategy of MEGI extends beyond simply investing in present infrastructure. It also places strong emphasis on the infrastructures of the future. It seizes opportunities in companies that are developing innovative solutions to tackle the world's most pressing challenges, such as climate change, growing urban populations, an ageing global demographic, and the swift pace of technological change.
MEGI proves to be an attractive investment opportunity for investors keen on playing a part in shaping the future while achieving significant returns. It offers a tactful balance of investment in companies leading in current infrastructure and those at the frontier of the infrastructure of the future. By so doing, it offers potential for capital growth, hedging against inflation, and portfolio diversification.
In conclusion, MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) represents an innovative, forward-thinking solution that combines traditional infrastructure investment with the potential for significant growth that the world's megatrends bring. Its unique formulation still stays true to the goals of long-term total return and income for investors while preparing for a future shaped by global trends.