The Renewables Infrastructure Group (TRIG) has won the Best Infrastructure Trust award at Citywire’s 2021 Investment Trust Awards and the Best Renewable Energy Infrastructure Investment Company award at The Investment Week Awards.
TRIG is a renewables investment company, listed on the London Stock Exchange, with the purpose to generate sustainable returns from a diversified portfolio of renewables infrastructure that contributes towards a net zero carbon future. It is managed by InfraRed Capital Partners as Investment Manager and RES as Operations Manager.
TRIG was commended by Citywire for delivering c. 30% per cent total return1 over the last three years2. TRIG was also praised for having “withstood a buffeting from falling power price forecasts in the past three years” and “wind generation falling below budget this year in several markets.”
Investment Week, rewarded excellence in closed-ended fund management and highlighted managers who have delivered a consistently strong performance for investors and that the judges believe will continue to perform well.
Helen Mahy, CBE, Chairman of TRIG, said:
“TRIG is honoured to win these two prestigious awards, which recognise performance excellence in the investment company industry. These wins are down to the hard work, commitment and dedication of our talented investment and operational management team who work hard to generate strong results for shareholders and stakeholders.”
Notes to editors:
The Citywire Investment Trust Performance Awards are based on the three-year returns of trusts in 18 categories up to 31 August. In most of the categories, investment trusts and companies were ranked on their ‘information ratios’, which rewards closed-ended funds with the best risk-adjusted returns against their benchmark index.
Citywire’s judging panel calculated the three-year risk-adjusted return against cash, as measured by the Sharpe ratio.
Citywire’s judging panel was made up of Genevra Banszky von Ambroz, fund manager at Smith & Williamson; Mick Gilligan, head of managed portfolio services at Killik & Co; Ewan Lovett-Turner, head of investment companies research at Numis Securities; and John Newlands of Newlands Fund Research.
Investment Week’s shortlist for the awards was constructed using scores provided by the AIC, using Morningstar data, looking at NAV returns over the three years to 30 June 2021. Winners were chosen by its judging panel, which included some of the UK’s leading researchers and investors in investment companies, and a number of qualitative factors were considered.
1. Calculated on a net asset value basis including dividends
2. Past performance is not a reliable indicator of future returns. Capital and income at risk.