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Portfolio of Infrastructure Investments: Analysis of European Infrastructure

Panayiotou, A; Medda, F; (2016) Portfolio of Infrastructure Investments: Analysis of European Infrastructure. Journal of Infrastructure Systems , 22 (3) , Article 04016011. 10.1061/(ASCE)IS.1943-555X.0000300. Green open access

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Abstract

Infrastructure has received much attention in recent years. Investment in infrastructure is particularly effective and has been recommended to institutional investors for investments such as pension funds because of the characteristics of infrastructure assets. However, robust analytical and empirical analyses in support of these investments are limited, mainly due to scant empirical data. In this work, by collecting relevant data sets on infrastructures, the authors address two objectives. First, the authors examine the significance of listed infrastructure sectors and subsectors by assessing the investment characteristics and performance of different infrastructure indexes in Europe. The aim here is to demonstrate how an effective and successful infrastructure portfolio should be constructed. The second objective of this research is to evaluate the strategy of infrastructure investors, in other words, to prove evidentially whether the investor should invest in a portfolio containing different infrastructure sectors or whether it is still possible to obtain diversification benefits by investing in only a single infrastructure sector.

Type: Article
Title: Portfolio of Infrastructure Investments: Analysis of European Infrastructure
Open access status: An open access version is available from UCL Discovery
DOI: 10.1061/(ASCE)IS.1943-555X.0000300
Publisher version: http://dx.doi.org/10.1061/(ASCE)IS.1943-555X.00003...
Language: English
Additional information: © 2016 American Society of Civil Engineers.
Keywords: Listed infrastructure; Performance analysis; Portfolio optimization; European investment
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng
URI: https://discovery.ucl.ac.uk/id/eprint/1508416
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