Investors in search of income have been hit hard by the COVID-19 crisis as bond yields and interest rates have tumbled, and dividend cuts have proliferated. By contrast, the companies in Ecofin Global Utilities and Infrastructure Trust’s (EGL’s) portfolio have proved relatively resilient. In addition, EGL is able to use distributable reserves to top up any shortfall in revenue. The defensive attractions of the sector have been recognised and EGL is now issuing shares to meet deman
25 Jun 2020
Resilient income
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Ecofin Global Utilities and Infrastructure Trust Plc (EGL:LON) | 172 0.9 0.3% | Mkt Cap: 195.2m
- Published:
25 Jun 2020 -
Author:
Ed Marten -
Pages:
23
Investors in search of income have been hit hard by the COVID-19 crisis as bond yields and interest rates have tumbled, and dividend cuts have proliferated. By contrast, the companies in Ecofin Global Utilities and Infrastructure Trust’s (EGL’s) portfolio have proved relatively resilient. In addition, EGL is able to use distributable reserves to top up any shortfall in revenue. The defensive attractions of the sector have been recognised and EGL is now issuing shares to meet deman