Mr Scouller says: “The sector continues to grow with significant pipelines of new projects which will need to be funded in the next few years. It is likely that there will be continued equity issuance from the sector in the next few years”.
This continued surge of issuance is important, as the investment trusts currently in the market are trading at “significant premiums,” according to the managing director of Tilney BestInvest, Jason Hollands. This reflects the demand for the “attractive and stable yields on offer,” he explains.
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“Investors should therefore principally be looking for IPOs or new fund raising’s to participate in these.”
kathleen.gallagher@ft.com
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