Ecofin Global Utilities AND Infrastructure Trust PLC

[richfool]

Fred, up today +2.32% at time of writing this. That said, I don't know know why the move in either direction.

[ermintrade]

Fred, I also have this in my portfolio. It mainly serves as a diversifier. I am not too worried about the recent poor performance. Other funds in this category also seem to be struggling. My reasons for staying optimistic are: it is still at a discount; in an inflationary environment it should pick up accordingly; I can keep collecting the 5% dividend while I wait.
All the best
ermintrade

[richfool]

Despite recent lacklustre capital growth and a slight fallback in the SP (since I bought in late last year), I am still attracted to this trust, which invests in infrastructure and utilities and has more exposure to both the US and to Europe than to the UK. It offers a dividend yield currently of 5.08% paid quarterly and goes ex-dividend tomorrow, (with the prospect of many of its investments offering index-linked dividends). And it's trading at a discount of 8%. I have succumbed to the temptation to top up, if only for the income.

http://www.hl.co.uk/shares/shares-searc ... ructure-1p

http://citywire.co.uk/money/investment- ... undID=3949

[ermintrade]

I agree, Fred. I have also topped up EGL; also topped up Polar Capital Global Financials and Vietnam Enterprise Investments.
Regards
ermintrade

[richfool]

I had been thinking of topping up EGL., but decided against it, due to the uncertainty over utilities, the prospect of increasing interest rates and EGL's above average charges (and risk rating) shown on the KID, - risk cat 5, 0.6% transaction costs plus 1.92% other ongoing costs. (I did however "Bed & ISA" a holding of EGL from my share dealing account to my ISA.).

[ermintrade]

Maybe of interest, David Stevenson writing in MoneyWeek (27 April) has just added EGL to both his cautious and adventurous income portfolios. His reasons are (and I summarise here) EGL has refocussed on renewable power, yieldcos and infrastructure; PE valuations in the sector are very low by historical standards; Goldman Sachs estimates that net income for the sector will grow at 8% per annum, and 25% cumulatively till 2020. The yield is currently about 5.7% and, if the SP drops any further, this could be 6%. The discount remains about 15%. I remain a holder.
Regards
ermintrade

[richfool]

I spotted a recent Mail Online article flagging up 21 IT's paying dividend yields of over 4%, which listed EGL in 3rd place, after EAT (European Assets) in first place, and HFEL (Henderson Far Eastern Income) in 2nd place. Maybe that has drawn investor's attention to EGL., and/or the fact it goes ex-dividend on 3rd May. I note it is up again this morning.

The highest yielding trust is European Assets at 6.3 per cent, the study found.

Henderson Far East Income came in second place, with a 5.9 per cent yield, ahead of Ecofin Global Utilities & Infrastructure in third with a yield of 5.4 per cent

.
http://www.dailymail.co.uk/money/invest ... ealed.html

[jackdaww]

EGL watchers - Whilst bottom fishing this evening (morning) I have topped up EGL. At 110p it is yielding around 5.5% and is sitting on close to a 10% discount. I like that. Worth tucking away, I think.

====================
think i will do the same.

[BrummieDave]

I spotted a recent Mail Online article flagging up 21 IT's paying dividend yields of over 4%, which listed EGL in 3rd place, after EAT (European Assets) in first place, and HFEL (Henderson Far Eastern Income) in 2nd place. Maybe that has drawn investor's attention to EGL., and/or the fact it goes ex-dividend on 3rd May. I note it is up again this morning.

The highest yielding trust is European Assets at 6.3 per cent, the study found.

Henderson Far East Income came in second place, with a 5.9 per cent yield, ahead of Ecofin Global Utilities & Infrastructure in third with a yield of 5.4 per cent

.
http://www.dailymail.co.uk/money/invest ... ealed.html

One of the ITs shown in the Daily Mail article is Henderson High Income (HHI) at the #4 spot. Whilst this is an IT I hold, I don't think I've ever seen it commented on in this Forum.

Anyone any experience/views they'd like to share?

[Quint]

I spotted a recent Mail Online article flagging up 21 IT's paying dividend yields of over 4%, which listed EGL in 3rd place, after EAT (European Assets) in first place, and HFEL (Henderson Far Eastern Income) in 2nd place. Maybe that has drawn investor's attention to EGL., and/or the fact it goes ex-dividend on 3rd May. I note it is up again this morning.

The highest yielding trust is European Assets at 6.3 per cent, the study found.

Henderson Far East Income came in second place, with a 5.9 per cent yield, ahead of Ecofin Global Utilities & Infrastructure in third with a yield of 5.4 per cent

.
http://www.dailymail.co.uk/money/invest ... ealed.html

One of the ITs shown in the Daily Mail article is Henderson High Income (HHI) at the #4 spot. Whilst this is an IT I hold, I don't think I've ever seen it commented on in this Forum.

Anyone any experience/views they'd like to share?

I have looked at this for the income portion of the wife's SIPP. Undecided at the moment but only because I may not need that level of yield to meet the goal of the portfolio.