A monthly review and outlook of the Global Listed Infrastructure sector.
Market review - as at April 2017
Global listed infrastructure increased in April as robust corporate earnings and M&A prospects in the toll road sector drew investor interest.
The best performing sector was Airports, which rose on healthy passenger growth and well-received earnings numbers from European and Latin American airport operators. Railroads climbed as higher volumes and firm pricing drove solid earnings results for US Class I freight rail stocks, and Japanese shinkansen (bullet train) operators recovered ground. The exception to this growth rally was Ports, which consolidated strong ytd returns.
The best performing region, Europe, was buoyed by consistently improving economic data and optimism over centrist Emmanuel Macron’s victory in the first round of the French presidential election.
The UK lagged after the announcement of a June general election was followed by proposals from the incumbent Conservative Party to cap domestic energy prices.
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