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.
Infrastructure Multiples Point to a Potential Rerating
Despite headwinds to defensive stocks, infrastructure’s strong earnings growth, attractive valuations and predictable dividend stream make us quite constructive on the sector.
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Global Infrastructure Value Strategy April Commentary
We remain balanced between more defensive regulated utilities and more GDP-sensitive infrastructure names. This served us well in 2023 in the face of uncertainty around growth and a possible recession.
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Global Infrastructure Income Strategy April Commentary
Among infrastructure sectors, U.S. electric utilities performed well on greater electricity demand expected to come from data centres, while higher bond yields weighed on communications infrastructure.
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Developed Markets Income Strategy April Commentary
Equities and infrastructure sold off in a risk-averse month of April as interest rate cuts were pushed out in the U.S. on stronger macro data and tighter employment.
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Emerging Markets Strategy April Commentary
We remain defensively positioned as impacts of tightened financial conditions are expected to impact the economy and ultimately corporate earnings.
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Will Renewables Survive the Energy Transition?
While public funding for renewables may face increasing policy risk, regulators will continue to provide attractive returns for regulated utilities supporting the energy transition.
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Valuation of Infrastructure Assets Q1 2024
In our latest Valuation update, Portfolio Manager, Simon Ong discusses the contributors to infrastructure returns in the first quarter of 2024, and weighs in on the factors impacting different infrastructure sectors across the globe.
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Unlock the Potential of Infrastructure Through Active Management
Portfolio Manager, Nick Langley highlights how the energy transition and reshoring of supply chains underline the need for active management in the infrastructure space.
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The Impact of Bond Yields on Infrastructure Assets
Watch Portfolio Manager, Nick Langley explain the impact that bond yield volatility has on the infrastructure asset class.
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2024 Infrastructure Outlook: Diversification Benefits Could Be Timely
Infrastructure’s inflation pass-through worked well in 2023, supporting earnings across the asset class, while its defense and diversification could make it valuable in 2024.
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Infrastructure Opportunities Amid Uncertainty
Watch Portfolio Manager, Nick Langley discuss the drivers of recent listed infrastructure performance and highlight how stabilising real yields and strong company fundamentals are improving the outlook for the asset class.
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Total Returns Set Infrastructure Apart from Equities and Bonds
Listed infrastructure’s defensiveness relative to other equities and its ability to provide long-term capital growth over an economic cycle relative to bonds offer differentiation in an environment of macroeconomic uncertainty and higher bond yields.
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