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 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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Developed Markets Income Strategy October Commentary
Slowing inflation and reasonably strong economic data have led investors to reassess their expectations of a recession in 2023.
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Infrastructure Income Strategy October Commentary
We think utilities valuations, like infrastructure broadly, are attractive now, and, versus the more optimistic consensus narrative, our contrarian view is that the risks of a recession remain considerable.
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Infrastructure Value Strategy October Commentary
UK water companies performed well in October as 2025-2030 business plans were well received and optimism grew that allowed returns would be higher than previously indicated, given higher bond yields.
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Emerging Markets Strategy October Commentary
Air traffic recovery in Asia helped airport holdings there, while an announced changed to the regulatory framework for Mexican airports caused some turbulence, though we expect the changes to be less negative than feared.
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Valuation of Infrastructure Assets Q3 2023
In our latest Valuation update, Portfolio Manager, Simon Ong outlines the main drivers of infrastructure returns in the third quarter of 2023, and weighs in on the factors impacting different infrastructure sectors across the globe.
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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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The Power of Infrastructure: Stability and Growth in Volatile Markets
In times of economic uncertainty and market volatility, investors turn to strategies that offer a balance of stability and growth. One asset class that is capturing increasing attention is global listed infrastructure.
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The Prudence of Infrastructure in a Recession
Infrastructure’s focus on cash flows and underlying earnings make it a prudent investment as economic conditions deteriorate and a recession looms.
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Testing Infrastructure's Resilience Amid Heightened Uncertainties
In both short-term and long-term scenarios, the effect of the changes in macro variables on infrastructure returns is positive in most cases.
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2023 Infrastructure Outlook: Climate, Macro Drivers Create Tailwinds
Secular growth drivers for infrastructure should be on full display in 2023, as the dire need for infrastructure spending underpins growth for the next decade, and the first steps for meeting long-term climate and electrification goals are being taken now.
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The Long-Term Case for Infrastructure
Amid rising bond yields, investors may turn to listed infrastructure, which has historically provided a lower-volatility offering, and should continue to, with efficient market valuations that could be more attractive relative to their unlisted peers.
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