Global listed infrastructure companies, on average, were down 2.4 percent in October, according to the Global Listed Infrastructure Organization benchmarks. In comparison, global equities were down 7.6 percent. Below is a summary of how the sectors performed.
Utilities
Global utilities were up 0.40 percent in October. U.S.-based electric/multi-utilities large-caps bucked the downward trend in October to keep utilities on positive ground. NextEra Energy (2.9 percent), Duke Energy (3.3 percent), Southern Co. (3.3 percent) drove results. Gas utilities were down –3.3 percent in October and water companies were mixed across the board in October. American Water Works (0.60 percent), United Utilities (3.2 percent), Severn Trent (0.80 percent) and Pennon Group (4.6 percent) added.
Oil and gas distribution
On average, global energy midstream companies fell 5.2 percent in October.
Only SNAM (1.8 percent) and Enagas (0.80 p