ClearBridge Investments, an investment management firm, published its “Global Infrastructure Value Strategy” third quarter 2021 investor letter – a copy of which can be downloaded here. On an absolute basis, the Strategy delivered gains across six of the nine sectors in which it was invested (out of 11 total) in the third quarter, with the airports and energy infrastructure sectors the leading contributors and the rail and toll roads sectors the main detractors. On a relative basis,...
