The GLIO Index of infrastructure companies added 3.5 percent in October, but year–to–date is down –11.3 percent. Global equities also increased in September (7.2 percent), and year-to-date are down –19.7 percent.

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

In October, electric (1.8 percent), gas (0.3 percent) and water utilities (11.4 percent) all moved up. This resulted in an advance of (2.1 percent) for the aggregated utility index. Renewables clawed back 2.2 percent after consecutive months of poor performance.

Railroads (6.6 percent), toll roads (8.4 percent), passenger rail (2.4 percent) and airports (11.2 percent) all moved ahead in October. Marine ports (–1.1 percent) suffered a slight loss. The combined transportation group strengthened (6.8 percent) in October.

Energy transportation and storage rebounded as share prices jumped (9 percent). Year