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Premier Miton Global Renewables Trust

LN: PMGR

Market Cap£36m

Last Close 195.5p

PMGR’s investment objectives are to achieve a high income and realise long-term growth in the capital value of its portfolio. PMGR seeks to achieve these by investing principally in the equity and equity-related securities of companies operating primarily in the renewable energy sectors and other sustainable infrastructure investments. The trust is structurally geared via zero dividend preference shares (ZDPs) maturing in 2025.

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Investment summary

Premier Miton Global Renewables Trust (PMGR) has reported a strong performance for FY21 (to 31 December), with NAV and share price total returns of 19.8% and 30.7% respectively, compared with a 22.5% decline in its new benchmark, the S&P Global Clean Energy Index. The divergence is largely down to PMGR’s greater exposure to generation and distribution, in a year when capital goods and technology companies struggled against a backdrop of higher input costs and deteriorating investor sentiment. Manager James Smith points to Chinese exposure and UK ‘yieldcos’ as points of interest, given China’s push towards greater self-reliance, and the attractive inflation-linked revenues and high yields on offer in the UK.

Content on Premier Miton Global Renewables Trust
Premier Miton Global Renewables Trust – Are higher power prices here to stay?
Investment companies | research Update | 31 August 2021
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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 0.1 14.7 27.4
Relative* 0.9 15.2 22.8
52-week high/low 201.0p/153.5p
*% relative to local index
Key management
Claire Long Head of Investment Trusts

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