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.
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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AOR Update: Election Implications for U.S. Equities
Trump’s pro-business tax and regulatory policies should boost the outlook for corporate profits enough to offset headwinds from tariffs and higher bond yields.
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Global Value Improvers Strategy Commentary October 2024
Global equities were broadly positive for much of October before a late month pullback erased gains and drove indexes into negative territory.
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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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Emerging Markets Strategy October Commentary
Higher bond yields pressured rate-sensitive sectors such as renewables and communications, while energy infrastructure performed well.
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U.S. Cedes Leadership in Global Rotation
Q3 2024 Global Growth Strategy Commentary: The Strategy underperformed in an environment favoring value and international shares primarily due to weakness among our U.S. holdings.
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AOR Update: Election Themes and Investment Implications
Election outcomes will determine government policy across four key areas impacting the economy and equity markets: taxes, regulation, trade and fiscal spending.
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Broadening Market Lifts Infrastructure
Q3 2024 Global Infrastructure Value Strategy Commentary: The defensive and income-producing qualities of infrastructure should continue to become more apparent and reflected in market pricing.
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Infrastructure Outpaces Equities in Market Rotation
Q3 2024 Infrastructure Income Strategy Commentary: A market rotation to a mixture of defensive, commodity- and rate-sensitive securities benefited listed infrastructure.
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