Premier Global Infrastructure Trust (PGIT) has had a difficult start to 2018. Global markets have focused away from defensive sectors, such as utilities and infrastructure, with PGIT’s geared structure amplifying the impact on its NAV move. However, valuations have improved significantly. It also stands to reason that, with the global economy increasingly late cycle, these sectors could once again find favour should markets become more bearish (perhaps as a result of a slowdown in economic activity or the impact of some geopolitical event). PGIT’s managers recognise these risks and have increased their focus on capital preservation and absolute returns.
10 May 2018
Swings and roundabouts
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Swings and roundabouts
Premier Miton Global Renewables Trust Plc GBP (PMGR:LON) | 90.8 0 0.0% | Mkt Cap: 16.6m
- Published:
10 May 2018 -
Author:
Ed Marten -
Pages:
13
Premier Global Infrastructure Trust (PGIT) has had a difficult start to 2018. Global markets have focused away from defensive sectors, such as utilities and infrastructure, with PGIT’s geared structure amplifying the impact on its NAV move. However, valuations have improved significantly. It also stands to reason that, with the global economy increasingly late cycle, these sectors could once again find favour should markets become more bearish (perhaps as a result of a slowdown in economic activity or the impact of some geopolitical event). PGIT’s managers recognise these risks and have increased their focus on capital preservation and absolute returns.