General Discussion

The AIC Industry News tab (if you have not discovered this it is worth reading) had a report on 5 November about Renewable Energy trusts. It said that the government incentives that these companies receive, which were supposed to continue until 2030, may now be withdrawn in April 2026. It stated that many of these companies receive a significant proportion of their revenue from the incentives.

I had understood that renewable energy costs were now below that of other producers such as gas, in which case the renewables should be profitable without incentives, but it is probably more complicated than that. As noted in the Newsletter, the sector may be due for change.

Greetings All,

If you were to reconstruct your porfolio with max 5 ITs capturing both income and growth.

What would your picks be?

Regards,

Imtiaz

There is an interesting article in The Times today about investment trusts and whether the directors have skin in the game. This is based on a report by Investec (which I have not seen). The only conclusion I could draw was to avoid investment trusts where the aggregate directors' shareholding is less than the aggregate board fees. Examples are: Fair Oaks Income, Ecofin US Renewables, Aquila Energy Efficiency, and JPMorgan Emerging Europe.

Any views on which is the best firm for Investment Trust Research (over and beyound this excellent Newsletter)? Shortlist would presumably be amongst

Deutsche Numis

Winterflood

Stiefel

Cost of research is reasonably high. So is there a consensus, to pick just one firm for Investments Trusts Research ?

Interested in PE, Infra, Renewables, Property, etc etc