Infrastructure: Portfolio Foundation in Times of High Inflation and Low Yield

Summary Already Registered? Click here »

Scott Helfstein, PhD, Kieran Kirwan, CAIA, & Troy Goldstein 

Join us for a timely, in-depth look at current market conditions and an infrastructure investing strategy to potentially find yield and income. 

• Take a deep dive into how the Russia/Ukraine conflict, China’s slowdown and other factors have generated pricing, supply chain and inflationary pressures that are being felt globally.
• Learn why rate hikes might not be enough to stanch inflation this time and how this creates challenges for investors.
• Explore the historically stable characteristics of global infrastructure companies to help build better, more durable portfolios.
• Understand how "pure play" owner-operator companies are near monopolies in infrastructure, with historically stable, predictable cash flows and less sensitivity to economic cycles.

Sponsored by

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION.

Important Information.

This information is not meant to be investment advice. There is no guarantee that the strategies discussed will be effective. Investment comparisons are for illustrative purposes only and not meant to be all-inclusive. 

Any forward-looking statements herein are based on expectations of ProShare Advisors LLC at this time. ProShare Advisors LLC undertakes no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investing is currently subject to additional risks and uncertainties related to COVID-19, including general economic, market and business conditions; changes in laws or regulations or other actions made by governmental authorities or regulatory bodies; and world economic and political developments.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

This ETF is subject to risks faced by companies in the infrastructure, energy and utilities industries to the same extent as the Dow Jones Brookfield Global Infrastructure Composite Index is so concentrated. This ETF invests in master limited partnerships (MLPs). Investments in MLPs expose the ETF to certain tax risks associated with investing in partnerships. Changes in U.S. tax laws could revoke the pass-through attributes that provide the tax efficiencies that make MLPs attractive investment structures. MLPs may also have limited financial resources, may be relatively illiquid, and may be subject to more erratic price movements because of the underlying assets they hold. In addition, a portion of the ETF's distributions may be a return of capital, which constitutes the return of a portion of a shareholder's original investment. Under tax rules, returns of capital are generally not currently taxable, but lower a shareholder's tax basis in their shares. Such a reduction in tax basis will result in larger taxable gains and/or lower tax losses on a subsequent sale of shares.

International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Emerging markets are riskier than more developed markets because they may develop unevenly or may never fully develop. Investments in emerging markets are considered speculative.

The "Dow Jones Brookfield Global Infrastructure Composite" Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the Dow Jones Brookfield Global Infrastructure Composite Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

ProShares are distributed by SEI Investments Distribution Co. ("SIDCO"), which is not affiliated with the funds' sponsor. SIDCO is located at 1 Freedom Valley Drive, Oaks, PA 19456.

Speakers

Scott Helfstein PhD
Executive Director, Thematic Investing
ProShares

Scott Helfstein, PhD, joined ProShares and ProFunds as Executive Director, Thematic Investing in 2020. He is responsible for product development, investment research, business strategy, and external engagement for the company’s expanding lineup of thematic ETFs. His work focuses on innovation and the evolving trends at the intersection of technological, economic and social disruption.

Prior to joining ProShares, Scott was Head of Thematic Portfolios and Co-Head of Market Research and Strategy at Morgan Stanley Wealth Management, launching the firm’s thematic research and portfolios and managing a team that provided global multi-asset investment advice. Scott earlier served as Senior Investment Strategist and Deputy to the Chief Market Strategist at BNY Mellon Investment Management, responsible for global macro, relative value, and political analysis. He also worked at the Federal Reserve Board of Governors and was an investment banker at Credit Suisse First Boston.

A leader outside of the financial industry as well, Scott is associated with the Business and National Security Program at Fordham’s Center for National Security, a Senior Fellow at the Center for Cyber and Homeland Security at Auburn University, and was Adjunct Scholar at the Modern War Institute at West Point. He served as the Director of Research at West Point’s Combating Terrorism Center and as Assistant Professor in the Department of Social Science at the United States Military Academy from 2008 to 2014. He has taught at numerous institutions, including Harvard, Yale, and National Defense University, and published in venues such as Harvard Business Review, Foreign Affairs, Bloomberg, and International Finance.

Scott holds a joint doctorate in public policy and political science from the University of Michigan, a master’s degree in war studies from King’s College, London, and a bachelor’s degree in finance from The George Washington University. He is a member of the Economic Club of New York and was a term/corporate member in the Council on Foreign Relations.

Kieran Kirwan, CAIA
Director, Investment Strategy
ProShares

Kieran Kirwan joined ProShares in 2013 and currently serves as Director, Investment Strategy. His responsibilities include portfolio analysis, education, product research and development, and the presentation of investment strategies using the company’s ETFs. Prior to joining ProShares, Mr. Kirwan served in a variety of roles during a 15-year tenure with Deutsche Asset & Wealth Management (Deutsche Bank). Most recently he was a Vice President, serving as lead investment specialist representing several strategies in the global equity, commodities, infrastructure and real estate asset classes to prospects and clients. Before that, Mr. Kirwan was Vice President, Product Strategy and Economics, responsible for the platform’s product profitability and distribution strategy initiatives, Vice President, Finance and Controlling Group, and an Associate Vice President with the Financial ReportingGroup.

Mr. Kirwan earned a bachelor’s degree in accountancy from the University of Illinois at Urbana-Champaign, holds Series 7 and 63FINRA registrations, and holds the Chartered Alternative Investment Analyst designation.

Troy Goldstein
Executive Director, Distribution
ProShares

Troy Goldstein oversees the National Accounts Group for ProShares ETFs and ProFunds mutual funds. Before joining ProShares in 2011, he was Executive Director, Head of Portfolio Distribution Europe with UBS AG. Mr. Goldstein managed nearly 40 sales specialists across Europe focused on discretionary and non-discretionary fee-based portfolio solutions including mutual funds, ETFs and structured products. Before that, Mr. Goldstein was Executive Director, Head of the Investment Solution Sales Team, responsible for ETFs, ETF solutions, Funds, Separately Managed Accounts and UITs in UBS’s U.S. headquarters in Weehawken, NJ.

Prior to that, Mr. Goldstein held two positions with UBS in Zurich, Switzerland. He served as Global Products & Marketing’s Head of Marketing & Communications managing new offerings and sales campaigns. Previously in Zurich, Mr. Goldstein was Head of Business Development for UBS International locations driving business growth across Asia, Europe and the U.S. Mr. Goldstein began his career in financial services as a Financial Advisor with PaineWebber, which later became UBS.

Mr. Goldstein holds a Juris Doctor from Kensington University Law School and Bachelor’s Degree in business administration–financial management from California State University, Long Beach. Additionally, he has received his certificate of completion from the Securities Industry Institute at the University of Pennsylvania’s Wharton School.

Robert Huebscher
CEO and Founder
Advisor Perspectives

Robert Huebscher is the founder and CEO of Advisor Perspectives and serves as its editor-in-chief. He is a frequent speaker at industry conferences and has written extensively on topics including investment management, portfolio construction, financial planning and global economics.