# The New Inflation Era: Why Real Assets Could Be the Big Winners

Page: https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627/the-new-inflation-era-why-real-assets-could-be-the-big-winners
Text version: https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627/the-new-inflation-era-why-real-assets-could-be-the-big-winners.md
Podcast: [In the Money with Amber Kanwar](https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627)
Published: 2026-04-16T10:00:00+00:00
Episode link: https://share.transistor.fm/s/ea6e88f1
Audio file: https://media.transistor.fm/ea6e88f1/ac4b629a.mp3
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JSON: https://stenobird.com/v1/public/podcasts/in-the-money-with-amber-kanwar-7168627/episodes/the-new-inflation-era-why-real-assets-could-be-the-big-winners
Duration seconds: 3987

## Resource

The investing playbook may be changing—and Tyler Rosenlicht, Portfolio Manager, Global Infrastructure at Cohen & Steers, says investors need to be ready. In this episode of In the Money with Amber Kanwar , Rosenlicht makes the case that we’re moving from an era of abundance to an era of scarcity—where inflation is higher, more volatile, and driven by structural shifts like deglobalization, supply chain reshoring, and rising geopolitical risk. He explains why real assets—like infrastructure, natural resources, and commodities—could play a much bigger role in portfolios, and why now may be the time to move to the higher end of allocation ranges. Rosenlicht breaks down how this new regime changes everything—from how we think about inflation protection to why traditional portfolios may struggle. He walks through the case for energy, why oil should be viewed as a long-term “perpetuity” rather than a declining asset, and how underinvestment and supply constraints are setting up opportunities across commodities like copper, uranium, and gold. He also explains why infrastructure—from pipelines to data centers to power generation—offers a rare combination of stability, inflation protection, and growth, especially as electricity demand surges. In the mailbag, Rosenlicht answers your questions on real asset names, including why he prefers oil sands producers like Suncor Energy (SU.TO) and Canadian Natural Resources (CNQ.TO) over U.S. shale, how integrated models compare to pure producers, and where refiners like Valero Energy (VLO) fit in today’s market. He also weighs in on pipeline giant TC Energy (TRP.TO), the outlook for nuclear through Cameco (CCO.TO), utility plays like TransAlta (TA.TO), and what consolidation could mean for rail stocks like Norfolk Southern (NSC). In…

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