Global institutional demand for infrastructure assets has risen substantially during recent years and with portfolio allocations to infrastructure expected to rise, global demand is likely to remain strong over the medium to long term. During the past two years, we have seen high prices paid in some segments of the infrastructure sector, raising concerns as to whether value remains.
This paper focuses on valuations for unlisted and listed infrastructure equities, and explores some of the challenges and controversies that emerge when considering valuations.
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