Summary

• Infrastructure stocks posted a robust total return in the first quarter.
• The fund outpaced its broad-based benchmark, the MSCI All Country World Index, by a wide margin.
• As always, it's important to keep in mind that we're primarily focused on longer-term absolute returns rather than short-term relative performance.
• Holdings in energy infrastructure stocks were particularly strong performers.

Market review and outlook

While the start of the conflict in the Middle East led to negative returns for global equity indexes, infrastructure stocks produced a double-digit gain. The sector benefited from a rotation toward companies

33 Followers