Traditional infrastructure investments have long been viewed as an effective hedge against inflation. These investments generally benefit from stable, long-term contractual income streams from high-quality counterparties, offering reduced economic sensitivity and high cash flow visibility. However, infrastructure assets vary widely in their nature and performance. The performance of some assets such as airports or ports can be closely tied to economic growth, while others such as renewable energy assets may depend on prevailing electricity prices. “Traditional infrastructure has indeed been a good hedge against inflation because long-term contracts or regulated...