Shifting sentiment has led to a widening of discounts to net asset value across many parts of the investment companies’ industry.
One of the more unexpected deratings has occurred within the renewable energy infrastructure sector, despite two thirds of these funds generating double-digit NAV returns over the past 12 months. Not that long ago all of the 22 funds in this sector were trading on premiums to asset value and most were issuing stock on a regular basis. Now two - Aquila Energy Efficiency and Triple Point Energy Transition - languish on discounts of more than 25%. Deep Dive: Renewables key to 'plug the chasm' in energy transition Only five funds currently trade on a premium. Two of those are the...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
