Infrastructure prices don’t show bubble

"'[...] Infrastructure equity prices do not exist in a vacuum. Analysing hundreds of transactions over the last 15 years, we found that they are driven by systematic risk factors, which can be foun ...

"'[...] Infrastructure equity prices do not exist in a vacuum. Analysing hundreds of transactions over the last 15 years, we found that they are driven by systematic risk factors, which can be found across asset classes. In other words, markets did process information rationally and average prices did reflect buyers’ and sellers’ views and preferences for taking risk..[...]"

Type: Press article
Date: le 01/03/2019
Research Cluster : Finance
Source : Top1000 funds

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