Investing: Smart Global Infrastructure Plays

Investors in infrastructure are taking a broader view of the kinds of stocks they want to own these days. That's partly in response to the slow pace at which U.S. government stimulus money is being funneled into public projects. It's also attributable to fund managers' hunger for stocks with more predictable cash flow and earnings prospects that are less tied to the strength of the economy overall—in other words, companies that enjoy a monopoly on facilities and services that get paid no matter how poorly the economy is doing.

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