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.
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.
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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.
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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.
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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.
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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.
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Infrastructure Poised to Mostly Weather Tariff Storm
A new regime of tariffs will likely create the need for more infrastructure to support reshoring, while utilities' lack of exposure to international trade may bolster their defensiveness.
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Infrastructure's Defensiveness Shines as Equities Unwind
Q1 2025 Global Infrastructure Income Strategy Commentary: Infrastructure’s defensive nature was rewarded in this environment, with regulated utilities leading returns, in particular in Europe and North America.
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Market Turmoil Highlights Infrastructure's Stability
Q1 2025 Global Infrastructure Value Strategy Commentary: Infrastructure delivered positive returns in the first quarter, outpacing both global equities and U.S. equities, which were weaker amid higher policy uncertainty, specifically around tariffs.
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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.
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Emerging Markets Strategy March Commentary
During the quarter, we exited our positions in Chinese electric utility China Power International and Chinese toll road operator Shenzhen Expressway.
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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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