Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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

Related Fund Managers

Citywire TV
Play Gervais Williams: the real reason to worry about Quindell

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Profile: Quilter Cheviot boss Baines sees more consolidation ahead

Nineteen months on from the merger of Quilter Cheviot chief executive Martin Baines says the deal is now paying dividends.

Wealth Manager on Twitter