Update from QuotedData

Ecofin Global Utilities Inf Tst PLC

23 August 2023

 

 

Ecofin Global Utilities and Infrastructure Trust - Update from QuotedData

23^rd August 2023

Utilities and infrastructure at low tide

In recent months, macroeconomic conditions have weighed on the utilities and infrastructure sectors and on the returns generated by Ecofin Global Utilities and Infrastructure (EGL). Now, as the peak of interest rates draws nearer and economic growth stutters, the tide may be about to turn in the trust's favour. EGL's manager, Jean-Hugues de Lamaze highlights the strong earnings of the companies in its portfolio (see pages 5 and 6), which have made some of these look even more undervalued.

In common with most London-listed investment companies, EGL has experienced some modest widening of its share price discount to net asset value (NAV) recently. The board is tackling this with share buy backs, but the current above-average discount does provide an opportunity for investors to get exposure to the trust at attractive levels.

Full Research:

https://quoteddata.com/research/ecofin-global-utilities-infrastructure-trust-utilities-infrastructure-tide-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 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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