These findings have risk management and prudential implications. They show that, in times of market stress, while infrastructure does experience drawdowns and is exposed to a market risk premia and to a significant rate risk, it can nonetheless protect the portfolio on the downside – just as long as investor...

Prima facie, the answer to the first question might be expected to be the reporting of ESG performance and the characteristics of infrastructure investments. In our survey, we find that reporting to regulators and stakeholders is indeed high on investors’ list of reasons for requiring nonfinancial data to be disclosed....