The GLIO Index of infrastructure companies fell in February (–0.4 percent) and year-to-date is down (–3.7 percent). Global equities finished February lower –2.5 percent (year-to-date –7.6 percent).

Infrastructure sectors were a mixed bag (in USD terms) in February.

Energy transportation and storage added impressively 5.4 percent and renewables jumped 10.1 percent.

Railroads (–0.3 percent), airports (2.3 percent), toll roads (0.3 percent), passenger rail (3.2 percent) and marine ports (3.9 percent) collectively pushed the transportation group forward slightly (0.4 percent).

Regulated utilities ended down –1.1 percent for the month, with electric down –1.4 percent and water utilities falling –3 percent; gas utilities gained 1.5 percent.

For the second month running, telecom infrastructure (–7.7 percent) experienced the largest decline.

The 15-year annualized USD return for the GLIO Index is 8.2 percent, ahead of global equiti