2024-07-17 11:00:00 ET
Summary
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- Infrastructure rose in the second quarter but trailed global equities modestly as strength in defensive sectors faded late in the quarter.
- Growing power demand from data centers supporting AI was positive for both utilities and energy infrastructure.
- As the market broadens, we expect it to recognize the strong long-term themes driving the asset base growth of our infrastructure companies and provide tailwinds for investors seeking income rivalling that of bonds and cash and the potential for meaningful capital upside.
By Daniel Chu, CFA | Charles Hamieh | Shane Hurst | Nick Langley
Structural Tailwinds Make Utilities High Income and High Growth - Market Overview
Read the full article on Seeking Alpha
For further details see:
ClearBridge Global Infrastructure Income Strategy Q2 2024 Commentary