• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Uncategorised

Ecofin Global Utilities and Infrastructure – Staying nimble

Ecofin Global Utilities and Infrastructure Trust (EGL) is two years old. The period since its launch has been one in which utilities and infrastructure have faced significant headwinds from rising interest rates and investors’ focus on growth stocks. Despite this, it has thrived. Staying nimble EGL’s manager (Jean-Hugues de Lamaze) has been nimble, moving to […]

Edward Marten by Edward Marten
2018-10-16 09:46
in Uncategorised
The London Economic

The London Economic

FacebookTwitterLinkedinEmailWhatsapp

Ecofin Global Utilities and Infrastructure Trust (EGL) is two years old. The period since its launch has been one in which utilities and infrastructure have faced significant headwinds from rising interest rates and investors’ focus on growth stocks. Despite this, it has thrived.

Staying nimble

EGL’s manager (Jean-Hugues de Lamaze) has been nimble, moving to take advantage of opportunities provided by swings in sentiment. EGL has borrowed money to buy stocks he has identified as being of good quality and cheap. This strategy has contributed significantly to EGL’s performance. Utility valuations have moved back towards their five-year averages and, in a world that is close to the top of the economic cycle, utilities’ defensive characteristics should find favour if markets fall more decisively. Irrespective of this, Jean-Hugues is confident about reaching the trust’s long-term total return target of 6-12% per annum. He cites the sector’s improving balance-sheet strength, rising power prices and earnings, in many cases faster dividend growth than for broader markets, reasonable valuations and the potential for mergers and acquisitions as reasons investors should be positive.

Developed markets utilities and other economic infrastructure exposure

EGL seeks to provide a high, secure dividend yield and to realise long‐term growth, while taking care to preserve shareholders’ capital. It invests principally in the equity of utility and infrastructure companies which are listed on recognised stock exchanges in Europe, North America and other developed OECD countries. It targets a dividend yield of at least 4% per annum on its net assets, paid quarterly and can use gearing and distributable reserves to achieve this. The portfolio is currently invested entirely in securities that pay a yield.

RelatedPosts

The North American Income Trust – Reasons to be cheerful

On the Job Safety – 3 Considerations when setting up a Public Construction Site

Film Review: The House With A Clock In Its Walls

Film Review: The Miseducation of Cameron Post

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Heartbroken family of England supporter who died in Bulgaria say mystery surrounds his death

Hunt’s advisors claim seven-day NHS might not cut weekend deaths

In pics – Jeremy Corbyn attends the Tolpuddle Martyrs festival Dorset

What my Auntie, who fled the Russians in 1944, taught me of war and refugees

Best and worst rated UK airports revealed in latest survey

Boris Johnson running scared of tonight’s TV election debate on climate change

In Pictures: Storm Bella brings snow and floods

How To Make: The Hummingbird Bakery’s Classic Brownie

Brussels threatens UK with sanctions over Brexit law breach

Investment companies roundup – November 2019

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.