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Stewart Investors manage investment portfolios on behalf of our clients over the long term and have held shares in some companies for over 20 years. They launched their first investment strategy in 1988.

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Global Listed Infrastructure Monthly Review and Outlook

    Author: Publish Date:

    A monthly review and outlook of the Global Listed Infrastructure sector.

    Author: Publish Date:

    Key highlights - as at November 2016

     

  • A challenging month for Listed Infrastructure as political change and a sharp rise in bond yields dampened returns. These two key risks for the sector are now better reflected in valuations, providing an attractive entry point for long-term investors.
  • In USD terms, the First State Listed Infrastructure Fund (the “Fund”) was relatively well positioned and outperformed by 220 basis points, falling -2.0% compared to a benchmark return of -4.2%.
  • US freight rail and energy pipelines increased on the prospect of a more supportive legislative / regulatory environment and corporate tax cuts. Rising bond yields weighed on mobile towers and utilities. A weaker yen drove Japanese infrastructure stocks higher while the UK and Latin America underperformed.
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    First Sentier Investors became a Certified B Corporation in November 2022 with a score = 107.2, noting that the passing score is 80. Please visit the B Corp Directory to view our report and for additional information regarding the assessment process.

    Investment involves risks. Past performance is not indicative of future performance. Refer to the offering documents of the respective funds for details, including risk factors. Investors may not get back the full amount invested.

    This website is issued by First Sentier Investors (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. First Sentier Investors, FSSA Investment Managers, Igneo Infrastructure Partners, RQI Investors and Stewart Investors are business names of First Sentier Investors (Hong Kong) Limited. 

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