Invesco is a client of Kepler Trust Intelligence. This material is based on public factual information only, is not intended to be an invitation or inducement to invest and makes no recommendation as to the merits or otherwise of any investment in this product. Please see the important information by following this link or at the bottom of the page.
Companies backed by assets, with a history of paying dividends to shareholders? Or targets for overregulation? Ciaran Mallon, Fund Manager of Invesco Income Growth Trust plc, considers the case for regulated utilities.
The UK utilities sector is a well-worn political target. In successive election campaigns – and under different governments – it has seen everything from caps on household energy bills to the premature cessation of sustainable energy subsidies.
In 2017, the UK General Election brought Britain’s wires, pipes and waterworks back under the spotlight, as the threat of nationalisation under a Corbyn-led Labour Government weighed on the share prices of many of the UK’s key utility providers. Recent political developments have led to a resurgence of this political promise – bringing conversations of public ownership – and regulatory oversight more broadly – back into the spotlight.
Kepler Trust Intelligence provides research and information for professional and private investors. In order to ensure that we provide you with the right kind of content, and to ensure that the content we provide is compliant, you need to tell us what type of investor you are.Continue