Since Russia invaded Ukraine on 24 February 2022, several countries have closed their airspace to Russian airlines. In this note, we consider what the impact of these and other sanctions have been so far for investors in Russian airports, and what they might be in the future. We use a...

How We Chose Peer Groups We created the 16 peer groups by examining the portfolio allocations of 359 infrastructure equity holders—and ranked the groups by their risk-adjusted returns or their Sharpe ratios.[1] merchant business models, such as power plants and transport companies. Contracted business models, in which the infrastructure providers...