Foresight launches green fund
Vehicle will invest in UK-listed renewable energy, infrastructure companies
Foresight Group has launched a new fund focused on investing in the equities and bonds of UK-listed renewable energy and infrastructure companies.
The FP Foresight UK Infrastructure Income Fund will target an annual income of 5% a year, with dividends paid quarterly.
Ahead of the fund launch, Foresight conducted research with financial advisers, which found that three quarters were bullish about the investment outlook for UK infrastructure assets.
More than half expected to see increasing demand amongst clients for exposure to the sector over the next five years.
"The UK has seen unprecedented growth in renewable energy and infrastructure investment over the last five years that is expected to continue for the foreseeable future," Foresight Group said.
"Indeed, the forecast for the next eight years shows a 27% increase in cumulative UK renewable energy generation."