Are infrastructure stocks really 'bond proxies'?
Jim Wright
The momentum behind infrastructure equities has slowed over the last 18 months, with concerns over interest rate rises and political factors seemingly undermining the investment case for the asset class.
This derives from the ‘bond proxy' argument, which essentially conflates infrastructure equities with bonds, whereby a rising interest rate environment will erode the value of the dividend yield. This...
More on Bonds
Most read
Back to Top