Utilities are among the top picks for international investment group Cohen & Steers as it reshuffles its holdings to minimise the impact of global tariffs and bets on rising demand for power from data centres to cope with the artificial intelligence boom.
“Utilities tend to have very little impact from tariffs,” said Ben Morton, the New York-based head of global infrastructure for the $US88 billion ($136 billion) asset manager during a trip to Sydney to meet with local investors.
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