The idea that yield compression inevitably results from the size of assets is a limiting perspective that ignores controllable factors.
The market dynamics in China, for example, demonstrate that corporate governance and government policies often direct capital flows toward strategic sectors, regardless of immediate yields. Sovereign funds deploy significant amounts into national infrastructure projects like the "Belt and Road" initiative, where the main goal is not quick financial return but a geopolitical impact or long-term economic development. Classifying a deployment friction as an overarching category is an excessive simplification of the decision-making context.