Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter