JonD

Publicly Traded Airports: A Useful Benchmark?

Roger, how do you feel about pipelines (I own TYG) and other infrastructure sectors such as toll roads and utilities?

Publicly Traded Airports: A Useful Benchmark?

specific airports owned/operated by MGU-owned holding cos. include Paris, Vienna, Zurich, Auckland and Thailand (6 of them).

Publicly Traded Airports: A Useful Benchmark?

Roger, you should look at MGU --- public infrastructure CEF advised by Macquarie. unlike MIC, though, MGU only invests in public companies so no self-serving mark-to-model funny business.

as of 3/31/08, MGU had 11.9% of its NAV in public airports. other interesting (non-correlated, alpha generating) infrastructure sectors include toll roads, pipelines, water utilities, etc. (all publicly traded).

and pretty reasonable expense ratio for a levered actively managed CEF (the MER on etfconnect.com is wrong, btw).

lots of international diversification, too, and just for you and your clients and readers, it's on sale right now at a 6.0% discount to its NAV.