Cohen & Steers Infrastructure FundSiriusPoint

Cohen & Steers Infrastructure Fund vs SiriusPoint

This page compares Cohen & Steers Infrastructure Fund and SiriusPoint, outlining their business models, financial performance, and market context. By placing these entities side by side, readers can a...

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Published: June 17, 2025

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Investment Analysis

Pros

  • The fund achieves a strong average annual total return of 11.05% over the past five years, indicating consistent performance.
  • It offers a relatively high current annualized distribution rate of 7.06%, providing attractive income potential for investors.
  • The fund invests at least 80% of its assets in a diversified range of infrastructure sectors, including utilities, pipelines, toll roads, airports, railroads, and telecommunications, reducing sector concentration risk.

Considerations

  • Distribution sources have included return of capital, which may indicate that some distributions are not solely from income or gains and could affect net asset value.
  • The managed distribution policy allowing monthly distributions can expose investors to variability if the board amends, suspends, or terminates it, potentially impacting share value.
  • As a closed-end fund, it may trade at a premium or discount to NAV, introducing market pricing risks unrelated to the underlying asset performance.

Pros

  • SiriusPoint benefits from diversified global insurance and reinsurance operations across multiple risk lines enhancing overall business stability.
  • Recent restructuring and capital optimisation efforts have improved its balance sheet strength and liquidity position.
  • The company is positioned to capitalise on growth opportunities in specialty and property-casualty insurance markets amid rising global insurance demand.

Considerations

  • SiriusPoint faces significant exposure to catastrophic and natural disaster-related claims, which can increase earnings volatility and risk.
  • Operating in a highly competitive and cyclical insurance industry leaves the company vulnerable to premium pricing pressures and underwriting losses.
  • Residual execution risks remain from ongoing integration and restructuring initiatives, potentially affecting short-term operational efficiency and profitability.

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