Infrastructure in the United States is currently suffering from a lack of investment which could leave opportunities for asset managers, two separate industry experts told CNBC on Monday.
Nigel Wilson, the CEO of U.K.-based Legal & General – which has around $1 trillion of assets under management - believes that "some of the infrastructure in the U.S. looks third world."
"It's shabby beyond belief," said the British businessman to CNBC.
Meanwhile, Richard Champion, the deputy CIO at Canaccord Genuity Wealth Management, agreed telling CNBC that "some (global) infrastructure, particularly in the United States – is absolutely creaking."
"The number of bridges, which are basically falling down … I'm not talking about tarmacking and concreting rivers over like they did in Japan," he said.