Research from QuotedData
Ecofin Global Utilities and Infrastructure Trust - Update research from QuotedData
22nd November 2022
A portfolio for all seasons
Even considering the particularly challenging markets we have seen during the last couple of months, Ecofin Global Utilities and Infrastructure Trust (EGL) has posted a very respectable performance (see page 18) and has been issuing shares. This most likely reflects the long-term strong structural growth drivers, inflation linkages and the defensive (less economically sensitive) nature of its investments, in an environment where the global economy is slowing down and tipping into recession.
There is little doubt that current uncertainty has been unhelpful, but as COP27 illustrates, the challenges of moving to net zero carbon emissions have not gone away and EGL's portfolio is positioned to support and benefit from this energy transition. Its portfolio has shown resilience, which we explore in this note, and unusually, its shares are trading at a discount to net asset value (NAV). We think that this may be short-lived and could represent a buying opportunity.
Full research:
https://quoteddata.com/research/ecofin-global-utilities-infrastructure-trust-qd/
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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 FCA. Marten & Co is not permitted to provide investment advice to individual investors.
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