The GLIO Index of infrastructure companies fell in September –11.8 percent, and year-to-date, it is now down –14.3 percent. Global equities weakened (–9.3 percent) in September, and year-to-date are now down –25.1 percent.

As you would expect from the headline GLIO Index performance, all major infrastructure sectors were down (in U.S. dollar terms) in September.

In September, electric (–11.7 percent), gas (–9.9 percent), and water utilities (–13.8 percent) all moved down significantly. This resulted in a decline of (–11.6 percent) for the aggregated utility index. Renewables slumped –14.5 percent, also adding to the downturn in August.

Railroads (–12.6 percent) and toll roads (–11.9 percent) both reversed course and marine ports (–14 percent) and airports (10.4 percent) suffered similar losses. Passenger rail was down –1.1 percent. The combined transportation group fell –11.4 percent in August.

Energy transportation and storage