Institutional Investors and Infrastructure Financing

Raffaele Della Crocei ; Juan Yermoi iOECD

Organisation for Economic Co-operation and Development

关键词: pension funds;    infrastructure policy;    infrastructure;    infrastructure investment;    institutional investors;    private finance;    asset allocation;    pension regulation;   

DOI  :  https://doi.org/10.1787/5k3wh99xgc33-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

The economic downturn is likely to have a lasting impact on the fund management industry and on long term asset allocation strategies of institutional investors. On one hand, in promoting more cautious investment strategies and a greater focus on portfolio risk management in the coming years. On the other hand, the prolonged low-yield environment has heightened the need for return-enhancing strategies, pushing some investors to invest in alternative assets. More fundamentally, the role of institutional investors in long term financing is constrained by the short-termism increasingly pervasive in capital markets as well as structural and policy barriers such as regulatory disincentives, lack of appropriate financing vehicles, limited investment and risk management expertise, transparency, viability issues and a lack of appropriate data and investment benchmarks for illiquid assets such as infrastructure.