The GLIO Index fell –3.4 percent in January after closing 2021 up 14.9 percent.

Most sectors declined (in USD terms) in January, with the exception of energy transportation and storage, which added an impressive 8.5 percent. Electric (–2.9 percent), gas (–0.2 percent) and water utilities (–9.5 percent) all fell back in the first month of the year.

Railroads (–4.4 percent), airports (–0.3 percent), tollroads (–4 percent), passenger rail (–3.6 percent) and marine ports (–1.2 percent) collectively pushed the transportation group back –3.8 percent in January. Telecom infrastructure (–14.3 percent) experienced the largest fall in January, closely followed by renewables (–12.4 percent).

Global equities finished January lower –5.3 percent.

The 15-year annualized USD return for the GLIO Index is 8.4 percent, ahead of global equities (7.6 percent) and achieving this with 260 basis points lower volatility.

Listed infrastructure AUM