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Tom Levering
- Global Industry Analyst
United Kingdom, Professional
Change
This is a marketing communication. Please refer to the Fund Prospectus and KIID and / or offering documents before making any final investment decisions. Please refer to the risks section at the bottom of this page.
Why invest?
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What are enduring assets?
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Why Wellington?
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The Fund’s role in your client’s portfolio
What are enduring assets?
No economic advance is possible without the right infrastructure to facilitate it. Infrastructure has intrinsic exposure to the world’s megatrends — as the world changes, our infrastructure must change with it. As such, enduring assets – utilities, transportation, midstream energy, and data infrastructure – are vital to our economy, with long lifespans and potential competitive advantages from regulation or long-term contracts.
These companies share some key strengths:
Steady revenue and stable cash flow generation from long-term contracts.
Business models that can be less sensitive to economic swings and commodity prices.
Typically, long lived assets that possess high barriers to entry, providing a durable market environment.
Why Wellington?
Consistent
The Fund invests in companies with steady revenues and stable cashflows from long-term contracts, benefiting from inflation-linked growth due to regulatory protection.
Future-facing1
The Fund looks to invest in companies that are tapping into long-term secular growth trends like power generation, decarbonisation, renewables and electrification.
Stable
In our view, the Fund offers inflation-linked qualities that can provide attractive upside participation while seeking to mitigate downside risks.
The Fund’s role in your client’s portfolio
Core equity allocation
Downside mitigation potential
Liquidity
The fund in 60 seconds
The Wellington Enduring Assets Fund seeks long-term total returns.2 The Investment Manager will actively manage the Fund, seeking to achieve the objective by primarily investing in equity securities issued by companies globally that own long-lived physical assets such as those in utility, transportation, energy, real estate and industrial sectors and which are believed to possess a competitive advantage, and exhibit low levels of earnings volatility.
Listed infrastructure: a good entry point into a long-term growth story
Infrastructure is emerging as a resilient, long-term growth opportunity in 2025—driven by electrification, AI, and decarbonisation. Backed by regulation and long-term cash flows, listed infrastructure offers downside protection and access to powerful megatrends. Utilities linked to grid upgrades and clean energy stand out for value and stability.
growth vs stability: do infrastructure investors really have to pick a side?
There’s a buzz around infrastructure at the moment. But do listed infrastructure investors really have to invest in cyclical businesses in order to benefit from structural tailwinds? Tom Levering and Joy Perry explore another way.
Investment example
National Grid
A multi-national utility company that owns and operates transmission networks in the UK and Northeastern US.
explore our investment solutions
In a new era of volatility, we still see reasons for cautious optimism. Below is a selection of funds aimed at showing how you can potentially achieve your financial goals through a balance of targeted approaches across fixed income and equities.
Wellington Credit Total Return Fund
Owning credit when we feel there is value, seeking safety in Treasuries and cash when valuations appear stretched.
Wellington global stewards fund
Investing in high-quality, established industry leaders with secure competitive positions.
Contact the team
- Managing Director and Head of UK and Irish Distribution
- Portfolio Advisor
- Porfolio Advisor
- Relationship Analyst
- Relationship Analyst
- Relationship Analyst
1 The portfolio does not have a sustainable investment objective. Whilst environmental factors are a consideration when determining allocations to individual companies, the team will not necessarily exclude investments on the basis of environmental risk. | 2 Although the Fund is not constructed relative to a benchmark, the MSCI All Country World Index can serve as a proxy for the broad equity market and is shown for contextual purposes.
Consider the risks
Investors should consider the risks that may impact their capital, before investing. The value of your investment may fluctuate from the time of the original investment. Please refer to the risks section below. A decision to invest should take account of all the characteristics and objectives described in the Fund offering documents. Please refer to the sustainability related disclosures for information on the commitments of the portfolio: www.wellington.com/en/legal/sfdr.
Investment risks
Capital: Investment markets are subject to economic, regulatory, market sentiment and political risks. All investors should consider the risks that may impact their capital, before investing. The value of your investment may become worth more or less than at the time of the original investment. The Fund may experience a high volatility from time to time. | Concentration: Concentration of investments within securities, sectors or industries, or geographical regions may impact performance. | Currency: The value of the Fund may be affected by changes in currency exchange rates. Unhedged currency risk may subject the Fund to significant volatility. | Emerging Markets: Emerging markets may be subject to custodial and political risks, and volatility. Investment in foreign currency entails exchange risks. | Equities: Investments may be volatile and may fluctuate according to market conditions, the performance of individual companies and that of the broader equity market. | Hedging: Any hedging strategy using derivatives may not achieve a perfect hedge. | Manager: Investment performance depends on the investment management team and their investment strategies. If the strategies do not perform as expected, if opportunities to implement them do not arise, or if the team does not implement its investment strategies successfully; then a fund may underperform or experience losses. | Small and Mid-Cap Company: Small and mid-cap companies' valuations may be more volatile than those of large cap companies. They may also be less liquid. | Sustainability: An environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of an investment.
Please refer to the fund prospectus and KIID/KID for a full list of risk factors and pre-investment disclosures.