The GLIO Index of infrastructure companies fell in August (–2.3 percent), and year-to-date is now behind –2.8 percent. Global equities weakened (–4.1 percent) in August year-to-date and, they are well under water (–20.1 percent).

As you would expect from the headline GLIO Index performance, all major infrastructure sectors were down (in USD) in August.

In August, electric (–0.9 percent), gas (–3.6 percent), and water utilities (–5.0 percent) all moved down. This resulted in a decline of (–1.5 percent) for the aggregated utility index. Renewables slumped (–9.2 percent), wiping out the strong gains of the previous month.

Railroads (–2.6 percent) and tollroads (–3.0 percent) both reversed, and marine ports lost (–7.5 percent). On a brighter note, passenger rail (2.3 percent) and airports (2.2 percent) bucked the downward trend. The combined transportation group stepped back –2.0 percent in August.

Energy transportation and storage s