Below are recent notes, trends and key performers in global listed infrastructure. Total return performance during the past 12 months (April to April) is in parentheses.
To April 30, the Global Listed Infrastructure Organisation (GLIO) Index of “pure” infrastructure companies was down 12.5 percent compared against –12.9 percent for global equities over the past 12 months. Under the current market conditions, we’ve seen some sectors hit harder than others. Renewables (27.8 percent), telecom infrastructure (26.6 percent), plus utilities sectors — electric (4.5 percent) and water (6.3 percent) — are the only sectors to remain ahead for the 12 months. Airports (–29 percent), tollroads (–14.8 percent) and marine ports (–27 percent) are all down significantly following the introduction of travel restrictions across the globe. Energy transportation and storage (–26.7 percent) regained ground in April after a tough March.
Long-term U.S.-dollar annualized to