Financial News
Ecofin Expands its Global Renewables Infrastructure Offerings with UCITS Fund
The Ecofin Global Renewables Infrastructure UCITS Fund (EGRIU) offers an additional vehicle for investor access and expands Ecofin's current suite of sustainability and impact UCITS funds.
LONDON, UK / ACCESSWIRE / June 8, 2022 / Ecofin, the sustainable investment firm, is pleased to announce the availability of the Ecofin Global Renewables Infrastructure UCITS Fund (EGRIU), focused on the rapidly growing migration of investment into renewable and related clean electricity infrastructure as a means to reduce global CO2 emissions.
Launched on December 31, 2021, EGRIU invests in listed companies that own, develop or operate renewable electricity technology plants and systems, and related infrastructure investments. EGRIU seeks to provide a measurable decarbonization benefit by investing in companies riding on the high demand growth for clean electricity. The portfolio has a goal of generating long-term total returns through investment in sustainable initiatives in low-carbon power generation assets derived from a combination of capital appreciation and income over time.
"Our investment team's experience in managing assets in this manner for over six years is a competitive advantage and based on historic calculations of the Strategy composite, we were able to deliver double-digit annualized returns with lower risk than the market1, while providing a measurable decarbonization impact," said Michel Sznajer, Portfolio Manager.
"In contrast with electricity costs generated with conventional fuels, renewable and clean electricity costs remain in a structural downward trend and are a key element of the solution to the energy crisis the world is experiencing," said Matt Breidert, Senior Portfolio Manager. "This Strategy offers investors an opportunity to capitalize on the long shift towards clean electricity growing its share within the global energy mix."
Key reasons to invest:
- Access to the fast-growing decarbonization theme
- Investment team has historically delivered strong performance with lower risk than the market1
- Measurable impact on emissions reductions; AA ESG rating from MSCI (as 31 March 2022)
"We are putting capital to work alongside significant anticipated growth with intentions to optimize risk-adjusted returns to investors and maximize the measurable impact to society," said Brent Newcomb, President - Ecofin. "With our Global Renewables Infrastructure Strategy composite history, launch of our U.S. 40-Act Fund last year, and expansion into a UCITS wrapper, we have a well-rounded base for investors across the global to access our strategy."
Please click here to view more information on the Fund.
1Market refers to the MSCI ACWI Index and S&P Global Infrastructure Index. Source: Bloomberg and Ecofin Advisors Limited.
About Ecofin
Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors' impact on society. We are socially-minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). To learn more, please visit www.ecofininvest.com.
IMPORTANT NOTICE
Investments in the Fund should only be made following receipt of a copy of the full Prospectus, current Fund Supplement and relevant KIID, which may be obtained by contacting the Fund's Management Company, Equity Trustees Fund Services (Ireland) Limited and they are also available here on the Ecofin website under UCITS. A subscription form can also be obtained from Equity Trustees Fund Services (Ireland) Limited.
This document is being issued by Ecofin Advisors Limited (Ecofin UK) in relation to the Fund which it manages. Ecofin UK is authorised and regulated by the Financial Conduct Authority (FCA) and registered with the U.S. Securities and Exchange Commission (SEC) as an investment advisor. Ecofin UK is a part of TortoiseEcofin.
This document is being issued inside and outside the United Kingdom by Ecofin UK. The Fund has not been and will not be registered under the 1933 Act or the securities laws of any of the states of the U.S. The Fund may not be offered, sold, or delivered directly or indirectly, to or for the account or benefit of any U.S. persons defined in the Securities Act of 1933 as amended.
This document does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any shares in the Fund nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract thereof. Recipients of this document who intend to apply for or purchase shares are reminded that any such application or purchase may be made solely on the basis of the information and opinions contained in the Fund Prospectus, Fund Supplement and KIIDs, which may be different from the information and opinions contained in this document.
The information and opinions contained in this document are for background purposes only and do not purport to be full or complete. No reliance may be placed for any purpose on the information or opinions contained in this document or their accuracy or completeness. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this document by Ecofin UK, and no liability is accepted by Ecofin UK for the accuracy or completeness of any such information or opinions. Neither Ecofin UK nor any of its affiliates, directors, officers or employees will be liable or have any responsibility of any kind for any loss or damage that any person may incur resulting from the use of this information.
This material is being circulated by Ecofin UK on a confidential basis. The information contained herein is confidential to such person and is not to be disclosed to any other person, nor copied or reproduced, in any form, in whole or in part, without the prior consent of Ecofin UK.
The MSCI ESG rating represents the aggregate ranking of the Fund's holdings as 31/2/2022.. Certain information ©2020 MSCI ESG Research LLC. Reproduced by permission; no further distribution.
MSCI ESG Research LLC's ("MSCI ESG") Fund Metrics and Ratings (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. The MSCI ESG Fund Ratings is designed to assess the resilience of a fund's aggregate holdings to long term ESG risks. Highly rated funds consist of issuers with leading or improving management of key ESG risks.
• AAA, AA: Leader- The companies that the fund invests in tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
• A, BB, BB: Average- The fund invests in companies that tend to show average management of ESG issues, or in a mix of companies with both above-average and below-average ESG risk management.
• B, CCC: Laggard- The fund is exposed to companies that do not demonstrate adequate management of the ESG risks that they face or show worsening management of these issues. These companies may be more vulnerable to disruptions arising from ESG events.
The Fund ESG Rating is calculated as a direct mapping of "Fund ESG Quality Score" to letter rating categories.
• 8.6- 10: AAA
• 7.1- 8.6: AA
• 5.7- 7.1: A
• 4.3- 5.7: BBB
• 2.9- 4.3: BB
• 1.4- 2.9: B
• 0.0- 1.4: CCC
The "Fund ESG Quality Score" assesses the resilience of a fund's aggregate holdings to long term ESG risks. Highly rated funds consist of issuers with leading or improving management of key ESG risks, based on a granular breakdown of each issuer's business: its core product or business segments, the locations of its assets or revenues, and other relevant measures such as outsourced production. The "Fund ESG Quality Score" is provided on a 0-10 score, with 0 and 10 being the respective lowest and highest possible fund scores.
The "Fund ESG Quality Score" is assessed using the underlying holding's "Overall ESG Scores", "Overall ESG Ratings", and "Overall ESG Rating Trends". It is calculated in a series of 3 steps.
Step 1: Calculate the "Fund Weighted Average ESG Score" of the underlying holding's "Overall ESG Scores". The Overall ESG Scores represent either the ESG Ratings Final Industry-Adjusted Score or Government Adjusted ESG Score of the issuer. Methodology for the issuer level scores are available in the MSCI ESG Ratings Methodology document.
Step 2: Calculate adjustment % based on fund exposure to "Fund ESG Laggards (%)", "Fund ESG Trend Negative (%)", and "Fund ESG Trend Positive (%)".
Step 3: Multiply the "Fund Weighted Average ESG Score" by (1 + Adjustment %).
For more information please visit https://www.msci.com/esg-fund-ratings.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although Ecofin UK believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, Ecofin UK does not assume a duty to update this forward-looking statement.
Contact Information
For more information contact Jen Ashlock at (913) 981-1020 or info@tortoiseecofin.com
SOURCE: Ecofin
View source version on accesswire.com:
https://www.accesswire.com/704229/Ecofin-Expands-its-Global-Renewables-Infrastructure-Offerings-with-UCITS-Fund
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