Global listed infrastructure companies, on average, were up 2.2 percent in July 2018, and the market’s long-term annualized total return is 12 percent. Global equities recorded 8.8 percent and global bonds, 4 percent, in comparison.
Utilities
Global utilities were up 1.5 percent in July, on average. Of the electric/multi-utilities large-caps, Duke Energy (3.2 percent), Southern (4.9 percent), Iberdrola (3.3 percent), Dominion Energy (5.2 percent), Enel (3.1 percent), AEP (2.7 percent), WEC (2.7 percent) and ENGIE (5.2 percent) all made good advances. U.K. regulator Ofgem stated that it will stick to its plan to tighten the screws on energy networks transmitting power from the high-voltage national grid, to smaller regional networks. U.K. utilities National Grid and Centrica lost 3 percent and 5.6 percent, respectively.
Gas utilities climbed 1.6 percent in July. Large-caps HK & China Gas (6.7 percent) forged ahead, while Tokyo Gas (–7.4 p