Abrdn Global Infrastructure Income Fund
ASGI
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- Abrdn Global Infrastructure Income Fund (ASGI) is a closed-end fund managed by abrdn Inc., a subsidiary of abrdn plc, that seeks a high level of current income with capital appreciation as a secondary objective by investing primarily in global infrastructure securities. The Fund provides exposure to a diversified portfolio of income-generating infrastructure assets, including equity and debt securities of companies and projects in sectors such as energy, transportation, utilities, and communications; renewable energy facilities; toll roads and airports; data centers and digital infrastructure; and water and waste management systems. It employs a bottom-up investment approach focusing on companies with strong cash flows, attractive valuations, and resilient business models, while utilizing leverage through borrowings and preferred shares to enhance returns. The Fund distributes monthly dividends to shareholders, targeting a yield supported by its portfolio's high dividend-paying equities and fixed-income instruments, with a policy of seeking to maintain a stable distribution rate subject to board approval and available earnings. Geographically, ASGI invests across North America, Europe, Asia-Pacific, and emerging markets, with a focus on OECD countries but flexibility for non-OECD exposures; it was launched in July 2003 and is headquartered in Philadelphia, Pennsylvania, with investment management oversight from abrdn's global team based in London and other locations. In recent developments, the Fund announced a strategic merger with the Gabelli Global Utility & Income Trust (GLU) in 2024, completed in early 2025, which expanded its asset base, enhanced diversification into utility sectors, and increased its net asset value while maintaining its infrastructure focus. This transaction, approved by shareholders, represented a key consolidation move amid market volatility. Additionally, abrdn has pursued portfolio repositioning with new investments in sustainable infrastructure amid energy transition trends and slight adjustments to leverage ratios in response to interest rate changes.