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 February Commentary
Equity markets took a defensive turn in February amid uncertainty over President Trump’s economic and trade policies
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Global Infrastructure Value Strategy February Commentary
Utilities across several regions led performance in the ClearBridge infrastructure universe. By contrast, sectors more sensitive to GDP growth were weaker.
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Developed Markets Infrastructure Income Model February Commentary
Trade concerns notwithstanding, North American rails are seeing early signs of a volume turnaround. A rotation out of the AI trade also weighed on natural gas pipelines, which have performed well on the AI power demand narrative.
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Emerging Markets Strategy February Commentary
On a regional basis, we saw strong performance from China and Brazil, driven by encouraging macro data and improved sentiment in Chinese AI/tech-related sectors.
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Renewables Under Trump: Likely Better than Expected
Changes to the Inflation Reduction Act should be less than the market anticipates and ultimately have a muted impact on the strong short- and long-term renewables outlook.
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Valuation of Infrastructure Assets Q4 2024
In our latest Valuation update, Portfolio Manager, Daniel Chu, discusses trends affecting infrastructure sector performance and reviews current valuations.
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Global Infrastructure Income Strategy January Commentary
Infrastructure made solid gains in January, trailing global equities, which largely shook off the escalating trade and policy uncertainty that has come with the first weeks of U.S. President Trump’s second term.
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Global Infrastructure Value Strategy January Commentary
On a regional basis, Latin America saw a rebound amid hopes that President Lula would exercise more fiscal discipline, while China was somewhat weaker as warmer weather weighed on natural gas utilities there.
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Developed Markets Infrastructure Income Model January Commentary
The Strategy is tilted somewhat defensively, toward utilities, though not purely for reasons of defense, as peak bond yields have left utilities undervalued and with very strong growth profiles, particularly in the U.S., driven by AI data centre power demand, industry decarbonisation and resiliency spending
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Emerging Markets Strategy January Commentary
Trump’s trade tariffs on other countries and retaliatory measures will remain topical in driving EM equities and currencies this 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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High-Growth Utilities Bolster Defensive Tilt
Q4 2024 Global Infrastructure Income Strategy Commentary: We are tilted somewhat defensively toward utilities, though not purely for reasons of defense.
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