In recent months, macroeconomic conditions appear to 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 hopefully draws nearer and economic growth seems to be faltering, EGL’s manager, Jean-Hugues de Lamaze feels that the tide may be about to turn in EGL’s favour. He highlights the strong earnings of the companies in its portfolio, which have exacerbated the undervaluation o ....
