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dc.contributor.authorInderst, Georgen_US
dc.date.accessioned2011-05-04T08:19:13Z-
dc.date.available2011-05-04T08:19:13Z-
dc.date.issued2010en_US
dc.identifier.citationEIB Papers 0257-7755 15 2010 1 70-104en_US
dc.identifier.urihttp://hdl.handle.net/10419/45365-
dc.description.abstractInfrastructure as a new asset class is said to have several distinct and attractive investment characteristics. This article reviews concepts, market developments and empirical evidence on the riskreturn and cash flow profile, and the potential for diversification and inflation protection in investor portfolios. Furthermore, a new, global analysis of the historical performance of infrastructure funds is undertaken. There is no proper financial theory to back the proposition of infrastructure as a separate asset class. Infrastructure assets are very heterogeneous, and empirical evidence suggests an alternative proposition that treats infrastructure simply as a subasset class, or particular sectors, within the conventional financing vehicle on which it comes (e.g. listed and private equity, bonds).en_US
dc.language.isoengen_US
dc.subject.ddc330en_US
dc.titleInfrastructure as an asset classen_US
dc.typeArticleen_US
dc.identifier.ppn657029343en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EIB Papers, European Investment Bank (EIB)

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