Australia once had a deep pool of listed infrastructure, but names like Sydney Airport have been taken private, and the list keeps shrinking. Sean Aylmer speaks with Morningstar’s Lachlan Halloway about why infrastructure matters in a portfolio, what makes a true “moat” infrastructure asset, and why data centres aren’t the same as toll roads, airports or regulated utilities.

This is Fear & Greed's summer series - all-new short episodes every day, with regular business news back from January 12. All information is general in nature. If you want to invest, we recommend you visit a financial advisor who can tailor investments to your needs.