Ecofin Global Utilities and Infrastructure (EGL) was launched in 2016 and has been managed since then by Jean Hugues De Lamaze. It was a rollover vehicle for Ecofin Water & Power Opportunities, a highly geared trust with a similar investment mandate that was set up in 2002. EGL invests in around 40 utility and infrastructure stocks, mostly in North America and Europe, but uses a much lower level of gearing than its predecessor. De Lamaze believes the sector represents an underappreciated growth story at the moment due to the ongoing transition to renewable energy and increased demand for p...
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UPDATE: This trust was delisted in late 2025, with shareholders offered a cash exit or a rollover into an open-ended fund.
Premier Miton Global Renewables (PMGR) was launched in 2003 and has gone through a few incarnations over the last two decades, first investing primarily in utilities, then infrastructure, and most recently renewables. It has been managed by James Smith since 2012 and is a split capital trust using zero dividend preference shares (ZDPs) to gear up its balance sheet which has resulted in a very volatile share price performance. PMGR's share price has produced a 7.3% annuali...
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