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 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.
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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.
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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.
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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.
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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.
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Global Infrastructure Income Strategy February Commentary
Equity markets took a defensive turn in February amid uncertainty over President Trump’s economic and trade policies
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Global Infrastructure Value Strategy February Commentary
Utilities across several regions led performance in the ClearBridge infrastructure universe. By contrast, sectors more sensitive to GDP growth were weaker.
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Emerging Markets Strategy February Commentary
On a regional basis, we saw strong performance from China and Brazil, driven by encouraging macro data and improved sentiment in Chinese AI/tech-related sectors.
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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.
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Valuation of Infrastructure Assets Q4 2024
In our latest Valuation update, Portfolio Manager, Daniel Chu, discusses trends affecting infrastructure sector performance and reviews current valuations.
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Global Infrastructure Income Strategy January Commentary
Infrastructure made solid gains in January, trailing global equities, which largely shook off the escalating trade and policy uncertainty that has come with the first weeks of U.S. President Trump’s second term.
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Global Infrastructure Value Strategy January Commentary
On a regional basis, Latin America saw a rebound amid hopes that President Lula would exercise more fiscal discipline, while China was somewhat weaker as warmer weather weighed on natural gas utilities there.
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