The GLIO Index of infrastructure companies gained 6.6 percent in October, clawing back losses from September. Year-to-date, the GLIO Index remains up 11.4 percent.

Railroads (19.3 percent), renewables (7.5 percent), energy transportation and storage (6.6 percent), telecom infrastructure (4.5 percent), plus electric (5.5 percent) and water utilities (3.6 percent) all ended the month on positive ground. Gas utilities (1.1 percent), toll roads (1.9 percent) and airports (2.5 percent) also gained.

On the flip side, passenger rail (–8.9 percent) and marine ports (–4.7 percent) finished the month lower.

Global equities ended October up 5.7 percent.

The 15-year annualized USD return for the GLIO Index is 8.9 percent, ahead of global equities (8.2 percent) and achieving this with 300 basis points lower volatility.

National Grid’s €1.6 billion ($2.2 billion) North Sea Link, a joint venture with Norwegian system operator Statnett, kicked off operatio