Enbridge (enb) Begins $4 Billion Pipeline Expansion To Boost Natural Gas Capacity

Guinness Global Investors recently released its “Global Real Assets Fund” August 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 0.8% in July, underperforming the MSCI World Core Infrastructure Index’s 1.8% gain by 1 percentage point, but remained ahead year to date, returning 11.1% versus 10.9% for the benchmark, and delivered a 14.0% one-year return compared with 13.7% for the index. Relative performance was primarily affected by the fund’s underweight allocation to industrials, the strongest-performing index sector, which gained 5.3% during the month; real estate rose 3.2%, energy gained 1.6%, and utilities declined 0.6%. The broader market was influenced by renewed Middle East hostilities, Brent crude prices briefly reaching $100 a barrel, and rising long-term government bond yields, including a 30-year U.S. Treasury yield increase from 4.95% to 5.27%. Looking ahead, Guinness remains focused on long-term opportunities in infrastructure, energy transition, data centres, and real estate, with particular optimism about U.S. senior housing, where occupancy exceeded 90% in the first quarter and new construction fell to approximately 2% of existing stock. The manager believes favorable demographic trends, constrained supply, improving occupancy, and operational growth could support returns, while continuing to monitor valuations and the risk of future oversupply. In addition, please check the Fund’s top five holdings to know its best picks in 2026.

In its third-quarter 2026 investor letter, Guinness Global Real Assets Fund highlighted stocks like Enbridge Inc. (NYSE:ENB). Enbridge Inc. (NYSE:ENB) is a North American energy infrastructure company with businesses spanning natural gas transmission, oil pipelines, gas utilities, and renewable power. Its Sunrise Expansion project is designed to increase capacity on its Westcoast natural gas transmission system in British Columbia. The one-month return of Enbridge Inc. (NYSE:ENB) was -2.28.% while its shares traded between $45.03 and $58.45 over the last 52 weeks. On October 12, 2026, Enbridge Inc. (NYSE:ENB) stock closed at approximately $46.95 per share, with a market capitalization of about $105.30 billion.

Guinness Global Real Assets Fund stated the following regarding Enbridge Inc. (NYSE:ENB) in its Q3 2026 investor letter:

“Enbridge Inc. (NYSE:ENB), the Canadian energy infrastructure company, began construction on its USD4bn Sunrise Expansion in British Columbia, adding 87 miles (c.140 km) of pipeline and 300 million cubic feet per day of capacity to its Westcoast natural gas transmission system.”

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Enbridge Inc. (NYSE:ENB) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 40 hedge fund portfolios held Enbridge Inc. (NYSE:ENB) at the end of the second quarter, which was 41 in the previous quarter. While we acknowledge the risk and potential of Enbridge Inc. (NYSE:ENB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Should you invest in ENB now?

In another article, we covered Enbridge Inc. (NYSE:ENB) and shared Jim Cramer’s views on the company. In addition, please check out our hedge fund investor letters Q3 2026 page for more investor letters from hedge funds and other leading investors.

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This article is originally published at Insider Monkey.