Perspectives

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.

Global Growth Strategy February Commentary

Global equities finished February mixed as the Trump administration fanned the flames of a new trade war by pushing through tariffs on Chinese goods and threatening similar levies on its North America trading partners.

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.

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.

AOR Update: The Average Stock Selection

Global Value Improvers Strategy January Commentary

Trade uncertainty, pockets of economic malaise and a tech shock from the unveiling of DeepSeek helped drive demand for global value stocks, which generated positive returns and outperformed their core and growth counterparts.

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.

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.

Developed Markets Infrastructure Income Model January Commentary

The Strategy is tilted somewhat defensively, toward utilities, though not purely for reasons of defense, as peak bond yields have left utilities undervalued and with very strong growth profiles, particularly in the U.S., driven by AI data centre power demand, industry decarbonisation and resiliency spending

Emerging Markets Strategy January Commentary

Trump’s trade tariffs on other countries and retaliatory measures will remain topical in driving EM equities and currencies this year.

Global Growth Strategy January Commentary

The ClearBridge Global Growth Strategy outperformed the benchmark in January with stock selection in North America and emerging markets and an overweight to Europe Ex U.K. the primary contributors.

The Long View: Mean Reversion or Gambler's Fallacy?

Two years of strong gains don’t make U.S. equities due for a pullback, as the market has typically continued to climb.