abrdn Global Infrastructure Income Fund Q4 2024 Commentary
Source: SeekingAlpha
2025-03-28 12:45:00 ET
Summary
- The abrdn Global Infrastructure Income Fund underperformed its benchmark in Q4 2024, impacted by higher interest rates and Trump’s election victory.
- Key detractors included EDP Renovaveis, Cellnex Telecom, and American Tower Corporation, while CoreCivic, Loma Negra, and CenterPoint Energy were positive contributors.
- Global equities showed mixed performance with US equities rising, while European and UK equities fell amid political and economic uncertainties.
- The outlook for global equities remains positive, emphasizing a selective, quality-first approach amid geopolitical risks and potential policy changes under Trump’s presidency.
Fund performance
The abrdn Global Infrastructure Income Fund underperformed its benchmark in the fourth quarter of 2024. 1 ...
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abrdn Global Infrastructure Income Fund Q4 2024 Commentary
EDP Renovaveis SA
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