Ecofin Global Utilities and Infrastructure Trust (EGL) has come through the crisis well (its NAV total return for 2020 – to the end of November – is 12.1%, outpacing the MSCI World’s Index’s return of 10.9%). Investors increasingly appreciate its proposition (earnings and cash flow growth in sectors with sound growth prospects and a dividend target of 4% of NAV) and the trust has seen a sustained improvement in its rating over the last 14 months (it has recently been trading close to asset value having previously traded at a marked discount).
16 Dec 2020
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Ecofin Global Utilities and Infrastructure Trust Plc (EGL:LON) | 165 0 0.0% | Mkt Cap: 188.1m
- Published:
16 Dec 2020 -
Author:
James Carthew | Matthew Read | Shonil Chande -
Pages:
27
Ecofin Global Utilities and Infrastructure Trust (EGL) has come through the crisis well (its NAV total return for 2020 – to the end of November – is 12.1%, outpacing the MSCI World’s Index’s return of 10.9%). Investors increasingly appreciate its proposition (earnings and cash flow growth in sectors with sound growth prospects and a dividend target of 4% of NAV) and the trust has seen a sustained improvement in its rating over the last 14 months (it has recently been trading close to asset value having previously traded at a marked discount).