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 Insights Portfolio Insights
Global Infrastructure Income Strategy May Commentary

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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Infrastructure Insights Portfolio Insights
Global Infrastructure Value Strategy May Commentary

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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Infrastructure Insights Portfolio Insights
Developed Markets Infrastructure Income Model May Commentary

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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Equity Insights Portfolio Insights
Global Growth Strategy May Commentary

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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Equity Insights Portfolio Insights
Global Value Improvers Strategy April Commentary

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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Equity Insights Portfolio Insights
Global Growth Strategy April Commentary

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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Infrastructure Insights Portfolio Insights
Developed Markets Infrastructure Income Model March Commentary

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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Infrastructure Insights Portfolio Insights
Market Turmoil Highlights Infrastructure's Stability

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 Insights Portfolio Insights
Infrastructure's Defensiveness Shines as Equities Unwind

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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Equity Insights Portfolio Insights
International Does Heavy Lifting For a Change

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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Equity Insights Portfolio Insights
Global Improvers Gain as Investors Look Overseas

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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Equity Insights Portfolio Insights
Global Value Improvers Strategy February Commentary

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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