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Infrastructure is back at the top of the global asset-owner list. Cash is the swing factor.

Asset Owners

25 Sep 2026

Infrastructure is back at the top of the global asset-owner list. Cash is the swing factor.

The Marsh Global Asset Owner Barometer 2026, covering 430 owners with about US$5.8 trillion in assets, finds infrastructure the strongest net allocation intention for the coming year. Inflation-linked assets and emerging-market equities follow. Cash has flipped from net reduction plans to a clear net increase, restoring optionality after a year of tighter liquidity preferences.

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