MIAMI—Miami has long been known as the Gateway to Latin America, but increasingly global investors are flocking to the Magic City. Russians, Chinese and Europeans, among others, continue eyeing Miami.

Hugo Machin, co-head of Global Real Estate Securities at Schroders, global asset manager with $577 billion in assets under management, is especially bullish on Miami. He tells GlobeSt.com Miami has many elements his firm looks for when investing in a city.

“The foundations are built on the trade and infrastructure that fuels the economy,” Machin says. “When assessing the constituents of the Schroders Global Cities index, we see cities that are exposed largely to just one industry as potentially vulnerable to structural downturns.”