Infrastructure investment trusts are trading at some of the widest discounts to net asset value (NAV) in the investment-trust industry, having traded at a premium for much of the past decade. The discounts reflect both investors’ increasing caution towards trusts and uncertainty over valuations. Trusts that own illiquid assets are harder to value than those with liquid investments, such as equities.
A top tip in infrastructure trusts
Mar 15, 2024
2 minutes
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