CIF 0.00% $1.26 challenger infrastructure fund

Why do infrastructure stocks trade under their NTAs? I realise...

  1. 223 Posts.
    Why do infrastructure stocks trade under their NTAs? I realise they are being battered by rising interest rates but aren't they a bargain when its yield is 8% and below its NTA. The yield alone covers my home loan interest rate.
 
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