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The iron backbone of North America: Why rail still wins
In today’s market environment, investor attention has been dominated by AI and disruption-led narratives. Yet, beneath this noise, the fundamental drivers of the real economy continue to operate - moving goods, enabling trade, and adapting to shifting supply chains. In this episode of Inside the mind of a fund manager, Mansoor Narker sits down with Andrew Headley, Portfolio Manager of the Nedgroup Investments Global Equity Fund, to unpack the investment case for rail infrastructure through the lens of Canadian Pacific Kansas City. Their discussion explores how infrastructure assets like railways can offer both resilience and growth, supported by structural demand for transportation and logistics, high barriers to entry and entrenched network advantages, and the ability to navigate cost pressures and evolving trade flows. Importantly, the conversation highlights why investors may benefit from looking beyond headline-driven trends and maintaining exposure to assets that underpin long-term economic activity. Listen to the full episode to explore how infrastructure can support more resilient, outcome-driven portfolios.
| 12 min listen
