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Why Infrastructure?

For investors seeking inflation-protection, global diversification and reliable income, the FTGF ClearBridge Infrastructure Value Fund aims to provide all three.

Infrastructure can act as an effective diversifier in a portfolio, given its lower correlation to traditional asset classes. Within a portfolio the infrastructure asset class may offer investors the potential for lower volatility, stable cash flows, inflation protection and capital growth.

Growth Potential of the Asset Class

Estimated Global Infrastructure Spending 2018-20401

USD 20 trillion

investment in electricity supply/efficiency

USD 8.4 trillion

in regulated/contracted generation (gas, solar, wind)

USD 8.6 trillion

in networks/storage

1. Source: ClearBridge Investments. International Energy Agency, (2018), World Energy Outlook, iea.org, as of November 2018. There is no assurance that any projection, estimate or forecast will be realised.

Infrastructure is in a multi-decade secular growth cycle. Developed countries around the world are upgrading existing infrastructure and emerging countries are creating new infrastructure at a faster rate to keep up with the demands of a growing population and urbanisation. This drives the asset base growth of infrastructure companies, which offers investors a chance to participate in a truly growing market and the potential for capital appreciation.

 

An Effective Combination

Our focus is on global listed infrastructure. These are publicly traded infrastructure securities such as the shares of electricity, water, toll roads, rail and airport companies around the world. Investors can take advantage of the attractive characteristics of the infrastructure asset class while enjoying the benefits of the listed markets such as liquidity and lower fees.
 

Key Features

Specialist Managers

We have a dedicated specialist investment team managing our infrastructure strategies. Our unique experience across the infrastructure asset life cycle creates long-term value for investors through our deep understanding and pricing of risks and opportunities.

Active Management

The flexibility of the listed markets together with our distinctive view of infrastructure enables us to take advantage of market movements and to invest where we, as active managers, find the best value for investors.

Benchmark Unaware

The Fund is managed in an absolute rather than benchmark relative manner. This approach ensures portfolio construction focuses on delivering long-term real returns and provides flexibility to manage through changing economic environments.

Commitment to ESG

Since inception, we have integrated ESG within the investment process and approached the ownership of equity in listed infrastructure companies from a long-term, sustainability-driven perspective.

Three Pillar Sustainability Framework:

Valuation

  • Fundamental cash flow impacts of sustainability actions are modelled
  • Company specific growth prospects and strategic decisions, regulatory priorities and engagement with stakeholders
  • Comparison of global regulatory approaches
  • Industry-wide themes are applied consistently across companies (overseen by Sustainability Committee)

Risk Pricing

  • Sustainability exposures and management/mitigation actions are assessed using internal and external resources
  • Relative scoring across sub-industries
  • Scoring reflects actions over five-year investment horizon
  • Stronger sustainability performers are rewarded with lower hurdle rate and vice versa

Engagement

  • Ongoing engagement with boards and management on ESG issues and opportunities
  • Controversy monitoring
  • Voting at company meetings
  • Interaction with regulators and policy makers
  • Engagement with third-party ESG experts

Further information in relation to the sustainability-related aspects of the Fund can be found here. Please review all of the fund’s objectives and characteristics before investing.

Get the latest performance and factsheet

Fund Information

Video Updates

Insights

9 DECEMBER 2025

Infrastructure outlook: AI, decarbonization and policy tailwinds in 2026

ClearBridge Investments believes the outlook for infrastructure in 2026 remains robust, driven by the accelerating demand for power and data fueled by AI.

8 DECEMBER 2025

Under the Radar: Why now is the time for emerging markets

ClearBridge Investments believes emerging market equities have turned a corner, showing strong performance after years of lagging returns.

5 DECEMBER 2025

AOR Update: Is AI a clear and present danger?

ClearBridge Investments: The ClearBridge Recession Risk Dashboard remains firmly in green expansionary territory; despite AI labor fears, supportive fiscal and monetary policy should power the US economy and corporate earnings in 2026.

Meet the Team

Nicholas Langley

Managing Director, Portfolio Manager

Shane Hurst

Managing Director, Portfolio Manager

Charles Hamieh

Managing Director, Portfolio Manager

Simon Ong

Director, Portfolio Manager

Our specialist infrastructure investment team is one of the largest in the peer group. They have a diverse range of specific skills developed from backgrounds including unlisted infrastructure investing, research, and roles working for or advising regulators, governments, infrastructure companies and investors.

Get the latest performance and factsheet

Fund Information

Fund Risks

Investment in company shares: The fund invests in shares of companies, and the value of these shares can be negatively affected by changes in the company, its industry or the economy in which it operates.

Investment in infrastructure: The fund invests in shares of infrastructure companies, and the value of these shares can be negatively affected by economic or regulatory occurrences affecting their industries. Investments in new infrastructure projects carry risks where they may not be completed within the budget, agreed timeframe or specifications. Operational and supply disruptions can also have a negative effect on the value of the company's shares.

Emerging markets investment: The fund may invest in the markets of countries which are smaller, less developed and regulated, and more volatile than the markets of more developed countries.

Investment in China: The fund invests in China and is subject to the risk of significant change in political, social or economic policy in China, which may negatively affect the value of such investments.

Concentrated fund: The fund invests in fewer companies than other funds which invest in shares usually do. This means that the fund does not spread its risk as widely as other funds and will therefore be affected more if an individual company has significant losses.

Fund currency: Changes in exchange rates between the currencies of investments held by the fund and the fund's base currency may negatively affect the value of an investment and any income received from it.

Hedging: The fund may use derivatives to reduce the risk of movements in exchange rates between the currency of the investments held by the fund and base currency of the fund itself (hedging). However, hedging transactions can also expose the fund to additional risks, such as the risk that the counterparty to the transaction may not be able to make its payments, which may result in loss to the fund.

Derivatives: The use of derivatives can result in greater fluctuations of the fund's value and may cause the fund to lose as much as or more than the amount invested.

Sustainability: The fund's integration of sustainability risks in the investment decision process may have the effect of excluding profitable investments from the investment universe of the fund and may also cause the fund to sell investments that will continue to perform well. A sustainability risk could materialise due to an environmental, social or governance event or condition which may impact the fund's investments and negatively affect the returns of the fund.

Fund operations: The fund is subject to the risk of loss resulting from inadequate or failed internal processes, people or systems or those of third parties such as those responsible for the custody of its assets, especially to the extent that it invests in developing countries.
Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.

Complete information on the risks of investing in the Fund are set out in the Fund’s prospectus.

Important information

This is a sub-fund of Franklin Templeton Global Funds plc ('FTGF'). FTGF is an open-ended investment company with variable capital, organised as an undertaking for collective investment in transferable securities ('UCITS'). FTGF is authorised in Ireland by the Central Bank of Ireland. Information has been prepared from sources believed reliable. It is not guaranteed in any way by any Franklin Resources, Inc. company or affiliate (together 'Franklin Templeton'). Before investing you should read the application form Prospectus and KIID. The fund documents may be obtained free of charge in English, French, German, Italian and Spanish from FTGF's registered office at Riverside Two, Sir John Rogerson's Quay, Grand Canal Dock, Dublin 2, Ireland, from FTGF's administrator, BNY Mellon Fund Services (Ireland) Limited, requested via FT's European Facilities Service which is available at https://www.eifs.lu/franklintempleton or please visit www.franklinresources.com to be directed to your local Franklin Templeton website. Individual securities are examples only and are not recommendations to buy or sell an investment. Opinions expressed are subject to change without notice and do not consider the needs of investors.

For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.

In addition, a summary of investor rights is available from summary-of-investor-rights.pdf (franklintempleton.lu). The summary is available in English.

The sub-funds of FTGF are notified for marketing in multiple EU Member States under the UCITS Directive. FTGF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.

In Europe (excluding UK & Switzerland) this financial promotion is issued by Franklin Templeton International Services S.à r.l. – Supervised by the Commission de Surveillance du Secteur Financier – 8A, rue Albert Borschette, L-1246 Luxembourg - Tel: +352-46 66 67-1 - Fax: +352-46 66 76.

In the UK: Issued by Franklin Templeton Investment Management Limited (FTIML) Registered office: Cannon Place, 78 Cannon Street, London, EC4N 6HL. FTIML is authorised and regulated by the Financial Conduct Authority.

In Switzerland, this financial promotion is issued by Franklin Templeton Switzerland Ltd. Investors in Switzerland: The representative in Switzerland is FIRST INDEPENDENT FUND SERVICES LTD., Klausstrasse 33, 8008 Zurich, Switzerland and the paying agent in Switzerland is NPB Neue Privat Bank AG, Limmatquai 1, 8024 Zurich, Switzerland. Copies of the Articles of Association, the Prospectus, the Key Investor Information Documents and the annual and semi-annual reports of the Company may be obtained free of charge from the representative in Switzerland.

German investors: The prospectus, Key Investor Information Document, annual report and semi-annual report are available free of charge from the German Information agent [Franklin Templeton International Services S.à r.l.,Niederlassung, Postfach 11 18 03, 60053 Frankfurt a. M., Mainzer Landstraße 16, 60325 Frankfurt a. M.] or from www.franklintempleton.de.

French Investors: The representative paying agent in France, through which the KIIDs, Prospectus, semi-annual and annual reports can be obtained free of charge is CACEIS Bank, 1/3, Place Valhubert, 75013 Paris, France.

In the Middle East: Issued by Franklin Templeton Investments (ME) Limited, authorized and regulated by the Dubai Financial Services Authority. Franklin Templeton Investments, The Gate, East Wing, Level 2, Dubai International Financial Centre, P.O. Box 506613, Dubai, U.A.E., Tel.: +9714-4284100 Fax:+9714-4284140.

The aforementioned Franklin Templeton entities are wholly owned subsidiaries of Franklin Resources, Inc.

Investments entail risks, the value of investments can go down as well as up and investors should be aware they might not get back the full value invested.