A monthly review and outlook of the Global Listed Infrastructure sector.
Market review - as at July 2017
Global listed infrastructure delivered positive returns in July against a backdrop of healthy earnings numbers and investor-friendly capital management initiatives.
The best performing sector was Ports, which benefited from favourable volume momentum. Sentiment was also buoyed by a wide ranging free-trade agreement between the European Union and Japan, scheduled to come into force by early 2019.
The worst performing sector was Railroads. Despite solid recent earnings releases, US freight rail was affected by signs of mounting competitive pressures and concerns that CSX faces difficulties as it implements its operational restructure.
The best performing region was Asia ex-Japan, whose ports, airports and utilities rallied on a brightening economic outlook for China. Australia / NZ underperformed as local bond yields ticked higher.
Please click Download PDF for full article.