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

Market review - as at September 2017

Global listed infrastructure fell in September as investors favoured equities more exposed to an improving economic environment. The FTSE Global Core Infrastructure 50/50 index (USD, Net TR) ended the month -1.7% lower, while global equities returned +2.2%.

The best performing sector was Railroads as US freight railroads responded to strong manufacturing surveys and the prospect of reduced corporate taxes.

The worst performing sector was Towers as strong underlying earnings growth was offset by concerns of pending consolidation of tower customers. Airports were also weak as strong passenger growth rolled over and airlines announced a number of capacity cuts.

The worst performing region was United Kingdom as utilities were impacted by ongoing political and regulatory tension and comments from the Bank of England that interest rates may rise in the coming months.


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