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Key takeaways

The macro

  • Infrastructure pays off long term; short-term impact depends on context: Outcomes vary by region and project type, with emerging markets often seeing stronger economic effects.
  • Digital and defence projects stand out: Broadband boosts productivity fast; defence spending drives long-term growth – making infrastructure a strategic lever for governments.

The market

  • Infrastructure is recession-resilient and in demand: It offers stable returns and diversification when other assets struggles making it a valuable portfolio anchor.
  • Energy and AI are reshaping global infrastructure: Clean power and data needs are driving investment, especially in frontier and emerging markets.

The managers

  • Big themes, bigger growth: Energy transition, climate adaptation and AI are accelerating infrastructure investment, with utilities expanding faster than at any point in recent decades.
  • Regulated assets offer stability and scale: Long-term contracts and supportive policy frameworks help infrastructure operators deliver predictable returns and attract investor capital.

Episode 4: The macro, the market and the managers

FTF ClearBridge Global Infrastructure Income Fund

A global infrastructure fund that targets a high level of income with a secondary objective of long-term capital growth.

Fund information

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Fund Factsheet

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Fund Commentary

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Strategy monthly update

Our portfolio managers provide their latest comments on ClearBridge’s infrastructure strategies.

Infrastructure insights

18 SEPTEMBER 2025

Infrastructure in the rapidly changing policy landscape

ClearBridge Investments believes accelerating policy-driven investment and AI-driven data center growth are unlocking a multi-decade growth opportunity for listed utilities globally.

27 MAY 2025

Infrastructure steady as equities swing

ClearBridge Investments: Despite recent strong performance for listed infrastructure versus equities, infrastructure valuations are still attractive on a risk adjusted basis, and could have room to run.

8 APRIL 2025

Infrastructure poised to mostly weather US tariff storm

ClearBridge Investments: A new regime of tariffs will likely create the need for more infrastructure to support reshoring, while utilities' lack of exposure to international trade may bolster their defensiveness.