Airports Are a Buy for Investor Looking Past the Virus Wreckage
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With the bulk of global travel shut down in recent months, airports wouldn’t be an obvious attraction for investors. But one Australian portfolio manager says the recent damage to the industry has afforded a buying opportunity.
“I don’t believe airports are structurally broken, I think it’s a near-term hit,” said Sarah Shaw, chief investment officer and global portfolio manager at 4D Infrastructure in Sydney. “The trajectory is definitely still for increased air travel. People still want to go to Hawaii, people still want to go to Bali,” she said.