matejmo/iStock via Getty Images Fund performance The abrdn Global Infrastructure Income Fund outperformed its benchmark in the first quarter of 2026. ¹ In terms of individual stock positive contributors, RWE ( RWEOY ), the European electric utility, benefited from the German stimulus bill, which provides funding for new generation, as well as the company's decision to cut renewable capital expendi...
matejmo/iStock via Getty Images Fund performance The abrdn Global Infrastructure Income Fund outperformed its benchmark in the first quarter of 2026. ¹ In terms of individual stock positive contributors, RWE ( RWEOY ), the European electric utility, benefited from the German stimulus bill, which provides funding for new generation, as well as the company's decision to cut renewable capital expenditure and return more capital to shareholders. International Container Terminal Services ( ICTEY ), the Philippine global port operator, reported good quarterly results, showing annual percentage revenue growth in the mid-teens and margins close to all-time highs. Management also spoke positively about the volume trends it was seeing. Cheniere Energy ( LNG ), the US liquefied natural gas exporter, saw its shares rise strongly on a combination of a significant global supply shock after attacks on Qatar's Ras Laffan facility, which highlighted the strategic value of US exports, alongside robust fourth-quarter earnings and a $10 billion share buyback programme. In terms of individual stock detractors, Enfinity Global is a global renewable energy developer and operator, and Sentinel Midstream is a portfolio of crude pipelines in the Gulf Coast. These are private equity investments that both experienced no change in valuation over the quarter and therefore underperformed relative to the portfolio. Notably, both businesses continue to perform in line with expectations. Crown Castle ( CCI ), the US tower company, moved lower on news that Dish ( SATS ) had defaulted on its obligations to Crown Castle (and the other tower operators). Dish is only a low single-digit percentage of overall revenues, so this is not a huge issue, and the company will look to recover the monies owed via the courts. However, this did little to help sentiment towards tower companies, which has been quite negative for the past 18 months. Market review Global equity markets were volatile in the first quarter o...
Emmanuel Macron Says France's Fate Is "Tied To The African Continent" For anyone who doubts that "Multiculturalism" is the preeminent political religion of the new age, the rhetoric of the majority of the European ruling class consistently proves the case. French President Emmanuel Macron was the co-host (with Kenyan President William Ruto) at the Africa Forward Summit this week in Kenya, where he...
Emmanuel Macron Says France's Fate Is "Tied To The African Continent" For anyone who doubts that "Multiculturalism" is the preeminent political religion of the new age, the rhetoric of the majority of the European ruling class consistently proves the case. French President Emmanuel Macron was the co-host (with Kenyan President William Ruto) at the Africa Forward Summit this week in Kenya, where he repeated multicultural rhetoric in favor of mass immigration from Africa into Europe. His comments seemed to be a message to the many anti-immigration movements now gaining momentum across the EU; asserting that without Africa, the French have no future. It was France’s first major Africa summit in an English-speaking country, signaling a deliberate pivot away from French speaking African nations with an eye towards broader, “equal-footing” partnerships. Macron argued that the French youth need to be made to understand that France is now part of Africa due to mass immigration. NOW - France's Macron: "I want the youth of France to understand that our fate is tied with the African continent's fate, that we will succeed with Africa." pic.twitter.com/MuNunRUIEj — Disclose.tv (@disclosetv) May 12, 2026 “I have no regrets. I have immense ambition for this continent that I love, which is a treasure for the world, the youngest and most dynamic continent on the planet. I want our young people in France to understand that their future is bound up in this continent. Africa will succeed, and we will succeed alongside it.” "...There are some 17 million French people who were part of the African Diaspora. So we are part of this continent. It is a great chance for us as French. There are millions of French people who are French Malian or French Algerian or French Senegalese. So we have this great chance to be able to succeed alongside the African continent..." France has been overwhelmed by third world immigration in the past decade. Around 11% of the population is foreign born. They rep...
The headquarters building of Wahaha Group in Hangzhou, Zhejiang province. Photo: IC Photo A turmoil is roiling Chinese beverage giant Hangzhou Wahaha Group Co. Ltd., marked by the exodus of four key executives from its main production and sales operator and widespread labor disputes over pay cuts and layoffs. The executive departure involved Ye Yaqiong, director of the president’s office at Hongsh...
The headquarters building of Wahaha Group in Hangzhou, Zhejiang province. Photo: IC Photo A turmoil is roiling Chinese beverage giant Hangzhou Wahaha Group Co. Ltd., marked by the exodus of four key executives from its main production and sales operator and widespread labor disputes over pay cuts and layoffs. The executive departure involved Ye Yaqiong, director of the president’s office at Hongsheng Beverage Group Co. Ltd., along with the company’s heads of sales, legal affairs and production management, according to multiple sources familiar with the matter.
Two China-domiciled exchange-traded funds (ETFs) targeting overseas chipmakers warned of investment risks arising from excessive premiums to net asset values and imposed a temporary trading halt, as the record-setting run in tech stocks has spurred Chinese investors to chase the global rally. Hutai-PineBridge CSI KRX China-Korea Semiconductor ETF, which invests in Chinese and South Korean chipmake...
Two China-domiciled exchange-traded funds (ETFs) targeting overseas chipmakers warned of investment risks arising from excessive premiums to net asset values and imposed a temporary trading halt, as the record-setting run in tech stocks has spurred Chinese investors to chase the global rally. Hutai-PineBridge CSI KRX China-Korea Semiconductor ETF, which invests in Chinese and South Korean chipmakers, was suspended from trading for an hour on the Shanghai Stock Exchange on Thursday, citing the...