Ecofin Global Utilities & Infrastructure Trust plc (EGL) Ordinary 1p
Sell:185.50p
Buy:186.00p
0
Change:
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FTSE All Share:0.17%
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Prices as at close on 14 May 2024
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Sell:185.50p
Buy:186.00p
Change:
No change
No change
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
Market closed |
Prices as at close on 14 May 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Ex-dividend
Sell:185.50p
Buy:186.00p
Change:
No change
No change
Market closed |
Prices as at close on 14 May 2024
Prices delayed by at least 15 minutes
|
Switch to live prices
|
Ex-dividend
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Objective
The investment objective is to achieve a high, secure dividend yield on its Portfolio and to realise long-term growth in the capital value of the Portfolio for the benefit of Shareholders, while taking care to preserve capital of Shareholders. The assets of Company will be primarily invested in the equity and equity-related securities of utility and infrastructure companies in developed countries, although up to 10% of the Portfolio may be comprised of investments in debt securities and a significant portion of the Portfolio may also be comprised of holdings in cash or cash-equivalents from time to time.
| Security | Weight |
|---|---|
| Next Era Energy | 6.53% |
| SSE plc Ord 50p | 5.01% |
| Exelon Corp Equity Units Cons of 1/20 USD 1000 Nom | 4.81% |
| National Grid Ord 12, 204/473p | 4.72% |
| American Electric Power | 4.69% |
| Enel Eur 1 | 4.30% |
| Constellation Energy | 4.17% |
| Dte Energy | 3.48% |
| Xcel Energy Inc | 3.24% |
| RWE AG NPV A | 3.22% |
| Sector | Weight |
|---|---|
| Utilities | 52.79% |
| Industrials | 7.45% |
| Country | Weight |
|---|---|
| United States | 21.29% |
| United Kingdom | 9.73% |
| Spain | 6.75% |
| China | 5.52% |
| Germany | 4.69% |
| France | 4.55% |
| Italy | 4.30% |
| Australia | 4.19% |
| Portugal | 2.30% |
Fee Structure
The Investment Manager will be entitled to a management fee equal to 1% p.a. of the NAV on the first GBP 200m and 0.75% p.a. of NAV thereafter, payable quarterly in arrears. The Contract is terminable on 6 months notice.
Dividend Policy
The Company will target an initial dividend yield of at least 4% on NAV using gearing and, if necessary, reserves to augment the Portfolio yield. The Company intends to pay dividends to Shareholders on a quarterly basis, payable on the last Business Day of February, May, August and November each year.
ASSET SPLIT
Trust Manager
Jean Hugues De Lamaze
Manager Bio
Mr. Jean-Hugues de Lamaze joined the firm in 2008. He is Managing Director, Head of Ecofin in the UK. In addition, he is a senior portfolio manager for the Ecofin Global Utilities & Infrastructure plc investment trust that launched in September of 2016. He was previously senior portfolio manager for Ecofin Water & Power Opportunities plc. From 2016 through November 2018 he was a Partner and member of the Board at Ecofin. Prior to joining the firm, Mr. de Lamaze co-founded UV Capital LLP and served as chief investment officer. Before that, he worked for Goldman Sachs where he oversaw the European Utilities research team. Prior to Goldman Sachs, he was a senior European analyst and head of French Research & Strategy at Credit Suisse First Boston. His professional career began at Enskilda Securities. Mr. de Lamaze is a CFAF certified analyst and a member of the French Financial Analysts Society SFAF. He completed the INSEAD International Executive Programme, graduated from the Paris based business school Institut Sup̩rieur de Gestion and earned a LLB in Business Law from Paris II-Assas University. He was voted Top 10 Buy-Side Individual РAll Sectors and Top 3 in the Utilities category in the 2018 Extel survey. 032521
Board Of Directors
David SimpsonChairman, Malcolm King, Susannah Nicklin, Joanna Santinon
Data policy - All information should be used for indicative purposes only. You should
independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete,
and accepts no responsibility for how it may be used.
Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.
Deal for just £11.95 per trade in a
Stocks and Shares ISA,
Lifetime ISA
,
SIPP
or
Fund and Share Account
The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.
Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.