Ecofin Global Utilities Inf Tst PLC Annual Overview from QuotedData
January 23 2024 - 10:50AM
RNS Non-Regulatory
TIDMEGL
Ecofin Global Utilities Inf Tst PLC
23 January 2024
Ecofin Global Utilities and Infrastructure Trust - Annual
Overview from QuotedData
23(rd) January 2024
Strong outlook as macro gloom lifts
Over the past 12 months, Ecofin Global Utilities and
Infrastructure (EGL), along with the broader utilities and
infrastructure sector, has been at the mercy of broader
macro-economic conditions. However, its recent performance in no
way diminishes the long-term opportunity that exists for the fund,
which should become more apparent as interest rates retreat from
their highs.
The company maintains exposure to a suite of investments that
stand to benefit from an ever-growing list of tailwinds as global
decarbonisation and electrification trends gather momentum.
Earnings growth within the portfolio has remained strong, while
indiscriminate selling has driven valuations of some stocks down to
historically low levels, providing an incredibly attractive
opportunity for long-term investors.
Full Research:
https://quoteddata.com/research/ecofin-global-utilities-infrastructure-trust-strong-outlook-macro-gloom-lifts-qd/
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