Stay up-to-date with the current investment and macroeconomic issues. Our listed infrastructure experts analyse the themes and trends which lie at the heart of your investment challenges.
One of the benefits of being a part of ClearBridge Investments is having access to the ClearBridge Anatomy of a Recession dashboard. This proprietary risk dashboard is updated monthly and designed to help you stay informed on economic and market developments and guide you in making portfolio allocation decisions.View full article
In the latest AOR blog, “Recovery Indicators Update: Valuations Not a Headwind” Jeff Schulze and Josh Jamner reiterate their confidence in the economic recovery and throw cold water on concerns that extended equity valuations are a risk to further gains as low interest rates and the current makeup of the U.S. market should provide support until earnings growth recovers.
October was characterised by increasing uncertainty versus recent months, albeit global economic activity was significantly more robust than in the initial COVID-19 period.
Governments remain committed to supporting COVID-19-ravaged economies, supporting an outlook of easy monetary policy and low bond rates.
The RARE Global Infrastructure Index seeks to provide focused exposure to infrastructure companies by analysing the actual sources of corporate cash flows rather than high-level industry classifications.
Political uncertainty remained elevated ahead of the U.S. election and amidst ongoing global political tensions with China.
Listen to Co-Founder, Senior Portfolio Manager Nick Langley discuss the valuations from Q3 2020 within the infrastructure asset class and why valuations remain attractive on a medium, to long-term excess return basis.
Portfolio Manager Nick Langley discusses how global infrastructure will play a key role in the world meeting ambitious net-zero carbon emissions targets. He highlights how, given the high levels of government spending underway to cope with the pandemic, economies around the world will rely on the private sector to fund many emission-lowering initiatives, both for regulated infrastructure such as utilities and for user-pays assets such as rail and airports.
Will infrastructure be the centrepiece by which governments stimulate their economies?
As the COVID-19 pandemic continues, the extraordinary measures aimed at mitigating its spread are testing business models and strategies. So what can be relied upon?
Top performing stocks for the quarter included American midstream company Cheniere, American rail company Union Pacific, Australian toll road company Transurban and American comms companies Crown Castle and American Tower.
Top performing stocks for the quarter included American renewables companies Nextera Energy Partners, Clearway Energy and TerraForm Power, Australian toll road company Transurban and American electric company Dominion Energy.
The premise of listed infrastructure investing is that while regulatory regimes and concession agreements are designed to produce outcomes over long periods of time, the majority of general equity investors have a shorter time horizon. This timing mismatch provides the opportunity for long-term investors to use liquidity to enhance infrastructure returns.