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.
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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.
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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.
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Global Growth Strategy May Commentary
Global equities delivered broad gains in May as a potential détente in U.S. trade policy and the tailwinds of policy stimulus outside the U.S. lifted shares. North America was the only region to outperform the 5.14% return in local currency of the benchmark MSCI All Country World Index.
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Global Value Improvers Strategy April Commentary
Despite market noise, there remain many durable themes, such as the energy transition and artificial intelligence deployment, that we will look to add to opportunistically.
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Global Growth Strategy April Commentary
Global equities delivered mixed results in April, with some regions persevering better than others through continued volatility in global economic relations as the Trump administration unveiled “Liberation Day” tariffs against all U.S. trading partners.
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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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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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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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International Does Heavy Lifting For a Change
Q1 2025 Global Growth Strategy Commentary: Global equities outside the U.S. outperformed as increasing policy uncertainty under the new Trump administration spurred investors to look overseas.
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Global Improvers Gain as Investors Look Overseas
Q1 2025 Global Value Improvers Strategy Commentary: Global value stocks rose as a rotation out of U.S. tech and the prospect of greater fiscal stimulus in Europe helped bolster returns.
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Global Value Improvers Strategy February Commentary
Politics and trade concerns remained centre stage in February, as discussions and negotiations around tariffs by the new U.S. administration and retaliatory tariffs by trade partners weighed on global markets, driving value to outperform growth stocks.
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