Why I'm not buying infrastructure investment trusts

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Jim Wright, manager of the Miton Global Infrastructure Income fund
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Jim Wright, manager of the Miton Global Infrastructure Income fund

Infrastructure investment trusts can be an efficient and well-managed way for investors to access infrastructure assets. However, the last six months have been remarkably eventful for the sector, with significant share price falls and much attention prompted by the Labour Party Shadow Chancellor's comments on bringing UK Private Finance Initiative (PFI) contracts in-house.

International Public Partnerships (INPP) has proved the most resilient stock, with the share price down only 1%, but BBGI has fallen by 4%, HICL Infrastructure Company (HICL) by 9% and John Laing Infrastructure...

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