How will investments in toll roads and other infrastructure projects fare during the upcoming period of rising interest rates? Historically, listed infrastructure has provided a positive return during periods of rising interest rates (10.1%), but this is lower than its average return (11.5%). During rising real interest rates, some infrastructure subsectors perform significantly worse than usual. This is in sharp contrast with equities that have had above average performance during periods of rising real interest rates in the recent past (10.4% versus an average of 8.52%). Read the full summary below.
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