Ecofin Global Utilities Inf Tst PLC Update from QuotedData
23 Agosto 2023 - 5:20AM
RNS Non-Regulatory
TIDMEGL
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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