The GLIO Index of infrastructure companies strengthened in November (8.1 percent), but year-to-date, it remains behind –4.1 percent. Global equities also increased in November (7.7 percent), but year-to-date equities remain down –14.7 percent.

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

In November, electric (8 percent), gas (10.9 percent) and water utilities (7.7 percent) all moved up. This resulted in an advance of 8.3 percent for the aggregated utility index. Renewables clawed back 4.7 percent after a poor third quarter.

Railroads (10 percent), toll-roads (10 percent), passenger rail (3.4 percent), and airports (9.2 percent) all moved ahead in November. Marine ports jumped (23.4 percent). The combined transportation group posted a solid (9.5 percent) in November.

Energy transportation and storage added as share prices increased (5.9 percent).