Ecofin Global Utilities and Infrastructure Trust - Annual Overview from QuotedData
23rd January 2024
Strong outlook as macro gloom lifts
Over the past 12 months, Ecofin Global Utilities and Infrastructure (EGL), along with the broader utilities and infrastructure sector, has been at the mercy of broader macro-economic conditions. However, its recent performance in no way diminishes the long-term opportunity that exists for the fund, which should become more apparent as interest rates retreat from their highs.
The company maintains exposure to a suite of investments that stand to benefit from an ever-growing list of tailwinds as global decarbonisation and electrification trends gather momentum. Earnings growth within the portfolio has remained strong, while indiscriminate selling has driven valuations of some stocks down to historically low levels, providing an incredibly attractive opportunity for long-term investors.
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NB: Marten & Co was paid to produce this note on Ecofin Global Utilities and Infrastructure Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.
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