Perspectives
Stay up-to-date with the current investment and macroeconomic issues at ClearBridge Investments. We provide analyses of the themes and trends which lie at the heart of your investment challenges.
Global Infrastructure Income Strategy December Commentary
Infrastructure sectors were led by gas utilities and energy infrastructure pipelines, beneficiaries of data centre growth and Trump’s election win, while renewables and communication towers sold off.
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Global Infrastructure Value Strategy December Commentary
We expect robust global growth in 2025, in particular in the U.S., with moderating inflation through the first part of the year.
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Developed Markets Infrastructure Income Model December Commentary
Strong economic data saw the case for a slower easing .cycle from the Federal Reserve than had been expected
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Emerging Markets Strategy December Commentary
Global markets finished the year mixed in the fourth quarter, following the U.S. presidential election and a third interest rate cut for the year
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Infrastructure Outlook: Bridging the Valuation Gap
Opportunities continue to be widespread across the infrastructure landscape, with strong fundamentals and the market still massively underestimating the growth in electricity demand driven by AI and data growth.
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Global Infrastructure Income Strategy November Commentary
We believe the defensive characteristics of infrastructure will remain valuable in what we expect to be a more volatile market in the near-term.
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Global Infrastructure Value Strategy November Commentary
Strength in infrastructure was concentrated in the U.S., where GDP-sensitive energy infrastructure benefit from expectations of greater oil and gas production raising volumes for pipelines.
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Developed Markets Infrastructure Income Model November Commentary
During the month, we initiated positions in U.S. energy infrastructure company ONEOK and French toll road operator Vinci. We also exited our positions in Spanish gas utility Enagas and Spanish electric utility Iberdrola.
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Emerging Markets Strategy November Commentary
Opportunities continue to be widespread across emerging market infrastructure.
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Global Infrastructure Income Strategy October Commentary
Our global listed infrastructure strategies outperformed global equities and most infrastructure benchmarks for the month.
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Global Infrastructure Value Strategy October Commentary
We are expecting bond volatility to reduce and market breadth to continue to broaden — as that occurs, we expect that the market will increasingly recognise the strong fundamentals and long-term themes of infrastructure.
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Developed Markets Infrastructure Income Model October Commentary
Given the prospect of slowing growth from elevated levels as well as declining interest rates, we believe the defensive and income-producing qualities of infrastructure will become more apparent, as was evident in the third quarter.
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