H1 results highlight a commendable performance in the face of geopolitical risks and rising interest rate expectations which weighed on utilities globally. Utilities display a weak historical correlation with interest rates, and with the sector now trading at a discount to broader equities, the managers are capitalising on opportunities to add to holdings at attractive levels. Gross assets declined 0.3% versus a 7.5% decline for global utilities while the NAV of the ordinary shares (-5.4%) and t ....
11 Aug 2015
Rising rate expectations an unwarranted headwind
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Rising rate expectations an unwarranted headwind
Premier Miton Global Renewables Trust Plc GBP (PMGR:LON) | 92.0 0 0.0% | Mkt Cap: 16.8m
- Published:
11 Aug 2015 -
Author:
Ben Heatley -
Pages:
6
H1 results highlight a commendable performance in the face of geopolitical risks and rising interest rate expectations which weighed on utilities globally. Utilities display a weak historical correlation with interest rates, and with the sector now trading at a discount to broader equities, the managers are capitalising on opportunities to add to holdings at attractive levels. Gross assets declined 0.3% versus a 7.5% decline for global utilities while the NAV of the ordinary shares (-5.4%) and t ....