The GLIO Index of infrastructure companies continued its track in August, gaining 2.1 percent during the month. Year-to-date the GLIO Index is up 10.4 percent.
Electric (3.3 percent) and Water (3.2 percent) utilities finished the month well ahead. Transportation companies were up 1 percent with Marine Ports (14.5 percent) leading the way. Railroads (0.5 percent), toll-roads (0.8 percent), passenger rail (1.7 percent) and airports (2.4 percent) complete the positive drive forward. Communications infrastructure (3.1 percent) and renewables (6 percent) also finished August on positive ground.
Gas utilities fell by –0.3 percent and energy transportation slipped by –1.0 percent in August. Global equities ended August up 2.5 percent.
The 15-year annualized USD return for the GLIO Index is 8.8 percent, ahead of global equities, 8.1 percent and achieving this with more than 300 basis points lower volatility.
In issue 9 of the GLIO Journal, bfinance e