Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

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2019Q4 Index Release: Up on the Year, Down on the Quarter

Jan. 16, 2020
Unlisted infrastructure equity gave back some of the year’s gains in the final quarter of 2019 as rising bond yields curbed DCF valuations. Despite lower risk premia, performance was also tempered by flat average revenue growth. The EDHECinfra Global Unlisted Equity Index fell 2.58% to 5228 points by year end, though that still represents a year-on-year gain of 14.06%. The
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An asset class is born

Jul. 17, 2019
New indices, better benchmarks The next generation of EDHECinfra indices is ready. Computed quarterly, they use meticulously curated private data on hundreds of companies in the 25 most active global markets. They utilise cutting-edge fair value asset pricing methods to gauge value in private infrastructure investments. A key element in this project’s success was accurately defining the investment universe. Infrastructure
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An uncomfortable truth: infrastructure investors do not know their risks

Apr. 25, 2019
We carried out the largest survey of infrastructure investors ever made. Here’s what we found: The largest survey of infrastructure investors ever undertaken shows that most investors cannot benchmark the risks they find themselves exposed to when investing in unlisted infrastructure. EDHECinfra releases a new survey sponsored by the Global Infrastructure Hub (GIH, a G20 Initiative). More than 300 respondents
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New EDHECinfra study shows that ‘peak infra’ may be behind us

Jan. 30, 2019
New EDHECinfra research documents the factors behind the evolution of unlisted infrastructure prices over past 15 years. Common risk factors found in numerous asset classes explain the evolution of unlisted infrastructure secondary market prices. That’s the finding of a new paper drawn from the EDHECinfra /LTIIA Research Chair. Interestingly, the paper also shows that that, after a long period of
Featured image for “Selecting Reference Indices for the Infrastructure Asset Class: A survey of investor preferences and the EDHECinfra families of infrastructure indices”

Selecting Reference Indices for the Infrastructure Asset Class: A survey of investor preferences and the EDHECinfra families of infrastructure indices

Feb. 11, 2018
We examine the results of a large survey of infrastructure investors and their preferences for the segmentation of the infrastructure asset class and set out a taxonomy of unlisted infrastructure investment indices and benchmarks that will now be used to compute all EDHECinfra indices, sub-indices and custom benchmarks.
Featured image for “Building benchmarks for infrastructure investors: a long but worthwhile journey”

Building benchmarks for infrastructure investors: a long but worthwhile journey

Jan. 01, 2018
This blog was originally published on the World Bank’s PPP Blog Website. It’s past time for proper infrastructure benchmarks The Argentinian presidency of the G20 opens this month. All the signs indicate that it will be marked by a focus on infrastructure investment. Already, the G20 and OECD have announced a wide-scale data collection initiative for the purpose of creating