Rothwell Investment | Services



Our investment team defines our investment universe, using our understanding of the asset class to identify companies that exhibit true infrastructure characteristics.

Our disciplined investment process consists of on-the-ground insights gained from company visits, proprietary research, a consistent valuation system, a comprehensive quality assessment that includes in-depth analysis of ESG factors, and rigorous stock selection. This structured framework reduces bias and supports repeatable outperformance.


Investment philosophy

Our philosophy is based on three central tenets:

  • We are conservative investors of our clients’ capital
  • We invest in quality companies, looking for real infrastructure assets
  • We believe investing in long-dated assets requires a long-term perspective


Investment process

We use a multi-stage investment process for investing in infrastructure securities:

  • Screening
  • Fundamental research
  • Valuation ranking
  • Quality ranking
  • Security selection
  • Macro risk management
  • Portfolio construction
  • Region and sector risks are carefully monitored by the portfolio managers as a risk management overlay


Sustainability and governance

We believe Environmental, Social and Governance (ESG) issues impact infrastructure stock performance and should be fully integrated into an investment process. We do not screen companies on ESG criteria but seek to understand the risks and capture them in a proprietary quality ranking. This process has proved valuable as infrastructure companies which have ranked higher on ESG criteria have been more defensive.



Large Cap Equities

Investors generally recognize that large-cap companies have a lower potential for aggressive expansion and growth, however, large-cap shares are usually rather stable. These companies are also more likely to pay dividends to investors. There is a wealth of research and information about large-cap companies. This is useful because it allows investors to be well-informed about these companies; however, this glut of information also means that it is harder to buy these companies at a discount.

Clients appreciate access low impact execution, especially on trades that represent a large part of a names daily volume. The large cap desk understands the objectives for each trade, and then personally manages that trade to achieve these goals.


Mid Cap Equities

Some investors prefer mid-cap investments because these companies are known to have better growth prospects and sometimes investors can pick up shares at a discount, since they are not as widely held and popular as large-caps. Mid-cap companies typically grow earnings at a faster rate than large-cap companies. Intuitively this feels right; it’s much easier for a company to grow off a smaller base.  Mid-cap companies are also frequently the target for mergers and acquisitions (M&A) with larger companies. This can benefit mid-cap investors if the acquiring company is willing to pay a premium for their mid-cap shares. However, mid-cap investors can be badly burned if they accidentally over-pay for a hot mid-cap company that ends up hitting hard times. Of course, the same could be said for large- and small-cap companies.


Small Cap Equities

Small-cap equities are well known for their higher returns and higher volatility as compared to large-caps and are often used to complement large and mid-cap exposure in a well-diversified equity portfolio.  Small-caps are often considered to have greater growth potential compared to more mature large-cap firms. It makes sense that small-caps tend to have higher returns and higher volatility since these are the companies that are generally not as entrenched and well-known within the market; however, they may be experiencing faster growth as they steal customers away from larger competitors. These companies would likely have greater growth prospects, but also a potentially greater chance of failure and setbacks. On an individual share basis, it’s a fair comment to say that small-caps are riskier. But that’s mitigated by investing in a well-diversified fund or a well-diversified index.

There is also a better alignment of interests between small-cap investors and the board of a small-cap company. That’s because the board will own a relatively large stake in their company and they won’t want to go down with the ship.  The personalized trade management that Access provides is especially valuable with sensitive, thinly traded issues. Our desk maintains a wide network of contacts within the small cap universe, and monitors liquidity to advice clients of market opportunities. At the request of the client, we make markets in Small Cap and listed securities in the third market.



Our professionals are skilled at developing and implementing the total range of available derivative strategies. We can help you evaluate alternatives in both single stock and indexed products to complement your specific investment objectives. The options and futures specialists at Rothwell Investment Investments can help you successfully navigate these markets.


Commodities Investing

We offer gold equities and commodity-related ETF technical-analysis based on a money-flow system that uses historical price and volume data and related moving-average crossovers to capture momentum on either side of the market.


Global Securities

Rothwell Investment Investments provides clients with around the clock coverage. Our desk has expertise with all major global markets. We trade all classes of securities both on local markets and global markets.


Global Listed Infrastructure Securities

Our Global Listed Infrastructure team combines specialised knowledge and skills with a disciplined investment process to deliver long term capital growth and inflation protected income by investing in the shares of companies around the world that own or operate infrastructure assets. We conduct over 500 company visits with companies, governments and industry bodies globally each year and information from these meetings is our most important source of idea generation and risk management. By incorporating a sensible consideration of macroeconomic risks, we are able to reduce bias and support repeatable outperformance. The outcome is an active, high-conviction portfolio offering investors diversified and liquid exposure to global listed infrastructure securities.


Why invest in global listed infrastructure?

  • Over the past decade global listed infrastructure securities has delivered higher returns than global equities at a lower level of risk.
  • The nature of infrastructure assets means they are typically able to increase prices in line with inflation, providing a stable and growing distribution yield over time. They also offer diversification benefits to an investment portfolio.
  • Thus, the performance of global listed infrastructure securities tends to have a low correlation with more traditional assets and can provide growth which is not dependent on economic cycles.


    Global Listed Infrastructure offers:

  • Attractive risk-adjusted returns - delivered higher returns than global equities with a lower level of risk.
  • Inflation protected income - able to increase prices in line with inflation.
  • Diversification and low correlation with other asset classes - diversified across different sectors and countries.
  • Growth potential - privatisation of government infrastructure assets present the potential for high growth.
  • Liquid and transparent.


Global Property Securities

The Global Property Securities investment team aims to provide investors with steady income and long-term capital growth by investing in a diversified portfolio of property securities from around the world. We believe that on-the-ground assessment is essential to getting property stock selection decisions right. Our investment style is bottom up and focused on stock fundamentals, with the flexibility to take a conviction-based approach where pricing anomalies warrant.


Why property securities?

Global property securities provide investors with access to the stable income streams generated by high quality commercial buildings; and the capital appreciation associated with property development. Most of the world’s highest profile CBD office buildings and largest shopping centres and logistical warehousing assets are owned by property securities.

They are often structured as tax efficient Real Estate Investment Trusts, or REITs. REITs pay no corporate tax, and distribute most of their net profits which means REITs can offer a high and reliable yield. Growing demand for rental space, and leases containing annual inflationary escalators, enable this income to grow over time.


Property securities are well diversified by country and sector. They are traded on a daily basis, allowing investors to withdraw or add capital quickly and easily. This combination of diversification and liquidity would be virtually impossible for an investor to achieve by investing directly in property.