PPL:CC - NYLI CBRE Global Infrastructure Fund Q1 2025 Commentary
2025-07-01 01:10:00 ET
Market Review
- Listed infrastructure opened the year with a 4.8% ((USD)) return in the first quarter.
- Continental Europe led the way while the U.K. and Americas followed behind and outperformed global infrastructure. Asia Pacific lagged but finished in positive territory. Emerging Markets was the sole negative region for the quarter.
- Sector returns varied across regions, although the risk-off trade gained momentum in the latter half of the quarter benefiting utilities and communications.
- With President Trump back in office, tariff headlines are becoming the norm again creating more volatility and pressure on the initial post-election rally in U.S. tech names.