Perspectives

Valuation of Infrastructure Assets Q1 2025

In our latest Valuation update, Portfolio Manager, Simon Ong, discusses the latest trends affecting the infrastructure asset class and reviews current valuations.

AOR Update: Recession or Vibecession?

ClearBridge Investments 2025 Stewardship Report

Our eighth annual stewardship report efforts offers an in-depth view of the latest in ESG integration and sustainability investing at ClearBridge, including how we are engaging with portfolio companies and voting proxies on pressing environmental, social and governance issues.

Global Value Improvers Strategy April Commentary

Despite market noise, there remain many durable themes, such as the energy transition and artificial intelligence deployment, that we will look to add to opportunistically.

Global Infrastructure Income Strategy April Commentary

Easing inflation in the U.K. helped water utilities there perform well, while passenger traffic resilience helped European airports; U.S. rails and pipelines were weaker on tariff and recessionary concerns.

Global Infrastructure Value Strategy April Commentary

We remain confident in our utility and infrastructure assets and their ability to generate defensive, consistent and growing cash flow streams for shareholders over the medium-to-long term.

Developed Markets Infrastructure Income Model April Commentary

Our global listed infrastructure strategies outperformed global equities and relevant infrastructure benchmarks for the month, as elevated trade uncertainty weighed on sentiment.

Emerging Markets Strategy April Commentary

Emerging markets meaningfully outperformed developed markets over the month, which was mainly led by Brazil and Mexico, accompanied by recovery in China and India.

Global Growth Strategy April Commentary

Global equities delivered mixed results in April, with some regions persevering better than others through continued volatility in global economic relations as the Trump administration unveiled “Liberation Day” tariffs against all U.S. trading partners.

The Long View: Diversification for Uncharted Waters

While the U.S. has outperformed long term, international equities tend to pick up the slack when domestic markets falter.

The Rising Case for Non-U.S. Equities

Massive fiscal reforms in Europe and resolution of the Russia-Ukraine war could help close the leadership gap between the U.S. and the rest of the world.

Developed Markets Infrastructure Income Model March Commentary

Trump’s policy agenda has so far been more disruptive than expected, and we anticipate uncertainty will weigh on U.S. growth.