When it comes to where their money is going, some of the world's biggest investors are turning their backs on traditional assets in favor of something a little more innovative.
According to a survey by asset manager Nuveen, 78% of public pensions in Europe, the Middle East, and Africa say they'll increase their exposure to private markets over the next five years.
They'll do so by investing in private infrastructure such as hospitals and airports, as well as commodities linked to inflation, private real estate, and private equity, Bloomberg reports.
"The investor consensus is that inflation will be a threat to portfolio returns through 2024," Nuveen's global head of responsible investment Amy O'Brien says.
"This is an issue of both financial performance and credibility."
The survey of 800 global investors found that 61% are planning to increase their investments in infrastructure.
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