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 May Commentary
Tariffs are unlikely to have a meaningful impact on utility earnings given they service domestic catchments with electricity, gas and water, and are not directly exposed to international trade.
More...
Global Infrastructure Value Strategy May Commentary
Listed infrastructure delivered strong absolute gains in May, participating well in a global equity rally in a month in which a series of trade deals and de-escalations in U.S. trade policy drove a more positive sentiment for growth and risk assets.
More...
Developed Markets Infrastructure Income Model May Commentary
Among listed infrastructure, a brighter trade outlook helped GDP-sensitive infrastructure such as airports, rails and toll roads outperform.
More...
Infrastructure Steady as Equities Swing
Despite recent strong performance for listed infrastructure versus equities, infrastructure valuations are still attractive on a risk adjusted basis, and could have room to run.
More...
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.
More...
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.
More...
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.
More...
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.
More...
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.
More...
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.
More...
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.
More...
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.
More...