Outlook for United States infrastructure: US infrastructure sector analysis
The sectors most likely to receive incremental private investment first are those that have clear user fees and are critical to the…
Read moreOutlook for United States infrastructure: US infrastructure market analysis
Better than average quality but low reinvestment in public capital stock has not yet fully manifested itself. The US needs $1.5 to…
Read moreOutlook for United States infrastructure: a market poised for growth
The US infrastructure market is at an inflection point. It is expected to attract significant capital in the coming years after decades…
Read moreExtreme equity market volatility in February but credit drops only marginally and infrastructure holds steady
Equity markets dropped 10% between late January and early February. This price weakness has not spread to other asset classes.
Read moreInfrastructure debt risk-return: low defaults, high recoveries and a spread pick up vs comparable corporates
Infrastructure debt has a superior risk-return profile vs comparable corporate credit. This is due to lower loss rates and higher spreads relative…
Read moreInfrastructure return correlations vs. other asset classes: effects on the efficient frontier and portfolio diversification
Correlations are very low between private infrastructure and other asset classes. Including infrastructure debt in a fixed income portfolio favourably shifts the…
Read moreSharpe Ratios for infrastructure debt, infrastructure equity and corporate credit
Risk-adjusted returns of infrastructure debt are significantly better than infrastructure equity and leveraged loans.
Read moreInfrastructure debt pairwise asset correlations
Asset correlations are lowest for funds that invest in different regions, countries and sectors. They are highest for funds that invest in…
Read moreRating volatility and rating drift of infrastructure vs corporates
Infrastructure ratings are much less volatile than corporate credit ratings and significantly outperformed corporates during the recent crises
Read moreEquity betas for listed infrastructure funds
The share prices of listed infrastructure funds demonstrate very low volatility vs the equity market as a whole. Unsystematic risk accounts for…
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