Ecofin Global Utilities and Infrastructure : EGL
Ecofin Global Utilities and Infrastructure aims to achieve a high, secure dividend yield on its portfolio and to realise long-term growth in the capital value of the portfolio for the benefit of shareholders, while taking care to preserve shareholders’ capital.
The assets will be primarily invested in the equity and equity-related securities of utility and infrastructure companies in developed countries. They define utility companies as those involved in the generation, transmission and distribution of electricity including the production of electricity from renewable sources; the transport, storage and distribution of gas; the abstraction, treatment and supply of water and the treatment of waste water; and the provision of environmental services such as recycling and waste management. Infrastructure companies are those that own and operate assets which are essential to the functioning of developed economies and to economic development and growth, notably transportation-related assets such as roads, railways, ports and airports.
We have written a note that explains how Ecofin Global Utilities and Infrastructure works, Structural growth, low volatility and high income, and a more recent update note, Delivering the goods, that looks into the drivers of the fund’s recent spate of good performance. You can access the manager’s website here.