Global listed infrastructure companies, on average, were up 3.4 percent in November, according to the Global Listed Infrastructure Organization coverage of the market. In comparison, global equities gained 1.4 percent. Below is a summary of how the sectors performed in November.
U.S.-based electric (3.2 percent) and multi-utility (2.2 percent) stocks gained for the second consecutive month to push the sector forward year-to-date by 3 percent. This is despite of the wildfires in California that hit shares in PG&E (–43 percent) and Edison International (–21 percent) during the month. Leading the sector in November were Duke Energy (7.2 percent), Eversource (6 percent), XCEL (5.1 percent), Exelon (5 percent) and AEP (5 percent).
Oil and gas distribution
On average, global energy transportation companies added 2.3 percent in November. TransCanada (9.6 percent), Enbridge (8.8 percent), Williams (5.1 percent),