Premier Global Infrastructure Trust (PGIT), formerly Premier Energy & Water, has announced a change of investment emphasis within its portfolio. PGIT’s investment objectives remain unchanged (high income and long-term capital growth - see below) but fuller use is now being made of the existing authority to invest in non-utility infrastructure – areas such as ports and roads. A more concentrated portfolio is also to be revised into three distinct areas: income equities, growth equities and yieldcos (approximately one-third to each). The managers describe this process as “evolution, not revolution”. They believe that the changes have enhanced PGIT’s return prospects while simultaneously providing no increase in risk.
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Evolution, not revolution
- Published:
28 Nov 2017 -
Author:
Ed Marten -
Pages:
13
Premier Global Infrastructure Trust (PGIT), formerly Premier Energy & Water, has announced a change of investment emphasis within its portfolio. PGIT’s investment objectives remain unchanged (high income and long-term capital growth - see below) but fuller use is now being made of the existing authority to invest in non-utility infrastructure – areas such as ports and roads. A more concentrated portfolio is also to be revised into three distinct areas: income equities, growth equities and yieldcos (approximately one-third to each). The managers describe this process as “evolution, not revolution”. They believe that the changes have enhanced PGIT’s return prospects while simultaneously providing no increase in risk.