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GCP Infrastructure tackles the premium question

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by Robert St George on Mar 31, 2014 at 14:43

GCP Infrastructure tackles the premium question

Stephen Ellis, a partner at infrastructure specialist GCP, tells Wealth Manager why it’s the market’s job to set trusts’ discounts.

The £361 million GCP Infrastructure fund currently trades on a premium of 8% to its net asset value, but Ellis noted that despite this high share price it still yields 7%.

Ellis also explains why investing in infrastructure debt rather than equity is preferable, where he’s finding ‘government-backed cash flows’, and why he declined £20 million in a recent oversubscribed fundraising.

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