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Premier Miton Global Renewables Trust

LN: PMGR

Market Cap£35.9m

Last Close 197p

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Investment summary

Premier Miton Global Renewables Trust (PMGR) is arguably unique among UK investment companies for its broad global focus on renewable energy securities, aiming for both income (current yield c 5.5%) and capital growth. Fund manager James Smith believes that renewable infrastructure operators, in which the trust invests, are likely to greatly benefit from a sustainable potential upward shift in power prices. He views this as driven primarily by increasing demand for electricity as the world transitions to cleaner sources of energy. The trust changed its mandate in late 2020, having shifted in recent years towards renewable energy stocks from its previous wider focus on utilities, water and energy companies. Given that most closed-ended renewable peers trade at a premium, a narrowing of PMGR’s discount over time could present an opportunity for investors.

Content on Premier Miton Global Renewables Trust
Premier Miton Global Renewables Trust – executive interview
Investment companies | Edison TV | 20 May 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual 5.1 16.9 38.7
Relative* 4.7 14.9 20.1
52-week high/low 201.0p/142.0p
*% relative to local index
Key management
Claire Long Head of Investment Trusts

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