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 August Commentary
In this environment, we believe infrastructure’s defensive qualities and its income stability will become more apparent, as has been evident during recent market selloffs.
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Global Infrastructure Value Strategy August Commentary
We continue to see positive earnings revisions for regulated and contracted utilities, based on that pass-through of inflation and on the growth in their underlying asset bases.
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Developed Markets Income Strategy August Commentary
A growth scare and lower bond yields helped defensive areas of the market outperform in August, with global listed infrastructure making strong gains and outpacing global equities.
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Emerging Markets Strategy August Commentary
We are expecting bond volatility to reduce and market excitement for AI and technology-related stocks to dissipate.
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Listed Infrastructure Powers AI - And Vice Versa
The potential of AI and data growth to drive significant infrastructure investment represents an emerging long-term thematic driver for the listed infrastructure asset class.
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Valuation of Infrastructure Assets Q2 2024
In our latest Valuation update, Portfolio Manager, Daniel Chu, discusses the contributors to infrastructure returns in the second quarter of 2024, and weighs in on the factors impacting different infrastructure sectors across the globe.
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Structural Tailwinds Make Utilities High Income and High Growth
Q2 2024 Infrastructure Income Strategy Commentary: Growing power demand from AI data centres is a positive for both utilities and energy infrastructure.
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Rate Pivot Poised to Help Towers and Renewables
Q2 2024 Global Infrastructure Value Strategy Commentary: Increased confidence that we are looking toward a rate-cutting cycle could be the start of the turn for many of our long-duration assets.
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U.K. Water: Flat or Bubbly?
Near-term political volatility could represent a buying opportunity for listed U.K. water utilities, whose spending on improving environmental impacts adds to the bottom line, as investments can earn attractive allowed returns, which translates to better earnings and dividends.
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Peak Rates a Good Sign for Infrastructure
Infrastructure has historically outperformed global equities as interest rates have peaked, something to keep in mind as inflation indicators slow and allow major central banks to end their hawkish positioning and move toward easing.
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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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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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