Cohen & Steers Global Infrastructure Fund (ticker: CSUAX) is an open-end mutual fund that seeks total return by investing primarily in a portfolio of global infrastructure equities. The fund offers investors exposure to companies engaged in infrastructure-related sectors, including utilities, energy, transportation, communications, and social infrastructure such as water and waste management; it emphasizes dividend-paying securities with strong fundamentals and sustainable cash flows. Managed by Cohen & Steers Capital Management, Inc., a leading global real assets investment firm founded in 1986 and headquartered in New York, the fund operates worldwide with a focus on developed and emerging markets across North America, Europe, Asia-Pacific, and other regions, targeting institutional and retail investors seeking income and capital appreciation.
The fund's core holdings span diverse infrastructure subsectors, including electric utilities and renewable energy producers; toll roads, airports, and rail operators; telecommunications towers and data centers; and midstream energy pipelines and storage facilities, with notable allocations to established names like NextEra Energy, Transurban Group, and American Tower Corporation. Cohen & Steers employs a bottom-up research process to select securities based on attractive valuations, growth potential, and defensive characteristics inherent to infrastructure assets. CSUAX serves as a vehicle for diversified global infrastructure allocation, complementing broader portfolios with its emphasis on regulated, essential-service providers resilient to economic cycles.
In recent developments, the fund benefited from Cohen & Steers' strategic expansion into infrastructure debt strategies in 2024, enhancing the firm's multi-asset real assets platform amid rising demand for yield in a higher interest rate environment. The parent firm completed a key acquisition of a European infrastructure investment boutique in early 2025, bolstering its international capabilities and talent pool for equity and alternative strategies. Additionally, CSUAX underwent a portfolio rebalancing in mid-2025 to increase exposure to digital infrastructure and clean energy transitions, aligning with global sustainability mandates and new product launches like ESG-focused infrastructure variants. These changes position the fund to capture growth from infrastructure megatrends, including AI-driven data center demand and government-led energy transition initiatives.