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 in the Rapidly Changing Policy Landscape

Infrastructure in the Rapidly Changing Policy Landscape

Accelerating policy-driven investment and AI-driven data centre growth are unlocking a multi-decade growth opportunity for listed utilities globally.

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Podcasts

Recorded by our fund managers; they share their views on what’s happening in global economies, the markets and our strategies.

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Anatomy of a Recession
AOR Update: U.S. Labor Market Bending, Not Broken

AOR Update: U.S. Labor Market Bending, Not Broken

The U.S. labor market is in heightened focus as a sharp drop in immigration has contributed to slower but also lower churn employment growth, increasing the likelihood of modest interest rate cuts.

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Equity Insights Portfolio Insights
Global Value Improvers Strategy Commentary August

Global Value Improvers Strategy Commentary August

As valuations have recovered and market expectations have risen, the focus remains on finding idiosyncratic opportunities where structural improvement is underappreciated and can persist irrespective of macroeconomic outcomes.

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Infrastructure Insights Portfolio Insights
Global Infrastructure Income Strategy Commentary August

Global Infrastructure Income Strategy Commentary August

Infrastructure delivered positive returns in August, slightly trailing global equities on a U.S. dollar basis in a month of gains across most equity indexes.

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Infrastructure Insights Portfolio Insights
Global Infrastructure Value Strategy Commentary August

Global Infrastructure Value Strategy Commentary August

Passenger traffic lifted airports, gas utilities benefited from strong fundamentals, while higher bond yields and some idiosyncratic drivers weighed on renewables and communications towers.

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Infrastructure Insights Portfolio Insights
Developed Markets Infrastructure Income Model Commentary August

Developed Markets Infrastructure Income Model Commentary August

We remain somewhat defensively positioned with an emphasis on utilities, which have 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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Equity Insights Portfolio Insights
Global Growth Strategy Commentary August

Global Growth Strategy Commentary August

Global equities delivered mostly positive performance in August, boosted by the prospect of the U.S. joining other developed economies in reducing interest rates.

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Anatomy of a Recession
AOR Update: Clarity Coming Into View

AOR Update: Clarity Coming Into View

With clarity on tariffs emerging, a major source of macro and market uncertainty is waning. Combined with a tax and fiscal boost from new legislation, corporate animal spirits are poised to pick up.

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Equity Insights Market Outlook
Midyear U.S. Equity Outlook: Looking Toward 2026 for Upside

Midyear U.S. Equity Outlook: Looking Toward 2026 for Upside

While we are neutral on stocks near-term due to tariff uncertainty and valuations, multiple catalysts could drive an earnings acceleration in 2026 as current risks dissipate.

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Anatomy of a Recession
The Long View: Push-Pull

The Long View: Push-Pull

Positive forces from One Big Beautiful Bill Act passage and future interest rate cuts should soon outweigh negative forces of tariff actions.

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Infrastructure Insights Portfolio Insights
European Infrastructure Sees Capital Inflows

European Infrastructure Sees Capital Inflows

Q2 2025 Global Infrastructure Value Strategy Commentary
In Europe, GDP-sensitive toll roads and airports were key contributors, while rate cuts and policy support were positive for utilities.

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Infrastructure Insights Portfolio Insights
Resilience with Upside in a Volatile Quarter

Resilience with Upside in a Volatile Quarter

Q2 2025 Global Infrastructure Income Strategy Commentary
Listed infrastructure was resilient during the market volatility in April, strongly outperforming the broader market, and remained steady through May and June while equities recovered from the selloff.

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Equity Insights Portfolio Insights
Global Improvers At Heart of Converging Trends

Global Improvers At Heart of Converging Trends

Q2 2025 Global Value Improvers Strategy Commentary
A weakening U.S. dollar and a repatriation of capital from the U.S. by overseas investors bolstered strong performance in international industrials and IT sectors.

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