CapitaLand Investment(CLI) recently held a Hong Kong Non-Deal Roadshow (9–10 July) to engage institutional investors and update them on its business strategy and growth plans. Such investor engagement typically aims to strengthen market understanding of the company's long-term strategy.Earlier this year, CLI secured a mandate to manage Income Insurance's direct real estate portfolio, which includes retail, commercial and industrial assets in Singapore. This supports CLI's strategy of expanding its fee-income business, which is generally viewed as more stable than earnings from property development.I continue to view CLI positively over the long term because its business has shifted from being primarily a property developer to a global real asset manager. That means an increasing proportion of its earnings comes from recurring management fees, which tend to be more resilient and less cyclical.