Green & Ethical Investment News and Suggestions

Exiled_Tyke

Just in from Ripple

Kirk Hill update - pre-construction is well underway

Kirk Hill's share offer will close midnight 3rd May. Due to a recent surge in new member interest and in conjunction with corporate and bank funding, we are on track for the purchase to complete on time. We strongly advise members who plan to increase their ownership to do so quickly to avoid disappointment. 

We are well underway with the pre-construction work. Right now we are continuing to work on contracts in the build up to completing the purchase of the project at the end of this month. Once the share offer has closed we will send you a full update on the construction plans and keep you informed of your build progress every step of the way.

JKenH

Greencoat UK Wind upgraded as electricity prices climb

Greencoat UK Wind (UKW) has received a hefty target price upgrade from broker RBC on the back of much higher electricity prices so far this year.

https://www.proactiveinvestors.co.uk/companies/news/981609/greencoat-uk-wind-upgraded-as-electricity-prices-climb-981609.html

JKenH

Tesla gets taken off the S&P 500 Environmental, Social and Governance (ESG) Index

https://www.teslarati.com/tesla-kicked-out-sp500-esg-index/

JKenH

German officials raid Deutsche Bank's DWS over 'greenwashing' claims

German prosecutors raided asset manager DWS (DWSG.DE) and the headquarters of its majority owner Deutsche Bank (DBKGn.DE) on Tuesday over allegations of misleading investors about "green" investments, the prosecutors said.

Regulators and policymakers have pledged to clamp down on companies making exaggerated claims about the sustainability credentials of their products as they try to cash in on booming demand for ESG investing.

https://www.reuters.com/business/german-police-raid-deutsche-banks-dws-unit-2022-05-31/

NoobSolar

Consider, if you want an income fund for your isa or Sipp, Vct Gravis Clean Energy Income. It contains plenty of Greencoat Wind, mentioned above, TRIG and others.

JKenH

'Green' investment funds lose savers £7bn in six months

On Hargreaves Lansdown, Britain’s largest broker, all of the five most popular green funds have lost more than the stock market this year.

On the rival broker AJ Bell, its own AJ Bell Responsible Growth fund was the most popular pick, but has lost 7pc since the start of the year. 

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date. Investment trusts that own renewable infrastructure assets have been more resilient than their rivals this year, thanks to strength in the power price market. 

The Renewable Infrastructure Group, which ranked third among Interactive Investor customers, nudged up 2pc in the same period. 

Alan Brierley, of the broker Investec, said that the renewable energy infrastructure funds were well placed to benefit from higher inflation. "Renewables projects’ income are principally comprised of subsidies, which are typically explicitly linked to inflation," he said.

https://www.telegraph.co.uk/investing/funds/green-investment-funds-lose-savers-7bn-six-months/

Exiled_Tyke

JKenH said:

'Green' investment funds lose savers £7bn in six months

On Hargreaves Lansdown, Britain’s largest broker, all of the five most popular green funds have lost more than the stock market this year.

On the rival broker AJ Bell, its own AJ Bell Responsible Growth fund was the most popular pick, but has lost 7pc since the start of the year. 

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date. Investment trusts that own renewable infrastructure assets have been more resilient than their rivals this year, thanks to strength in the power price market. 

The Renewable Infrastructure Group, which ranked third among Interactive Investor customers, nudged up 2pc in the same period. 

Alan Brierley, of the broker Investec, said that the renewable energy infrastructure funds were well placed to benefit from higher inflation. "Renewables projects’ income are principally comprised of subsidies, which are typically explicitly linked to inflation," he said.

https://www.telegraph.co.uk/investing/funds/green-investment-funds-lose-savers-7bn-six-months/

I'm afraid I am a little sceptical about this. Given the broad scope of what companies are included under the umbrellas of 'green' and 'ethical' I'm not sure how useful this article is. A view exacerbated by the political motivations this source often shows over journalistic objectivity.  

With  markets are volatile at the moment and renewables probably more so than others.  Greencoat is trading well over NAV so I'd expect this to be corrected to some degree in the not too distant future.  Also the bulk of the return on this investment is expected to be in dividends (given the policy) and not necessarily capital growth.    

Finally a six month historic timespan in the current circumstances really can't be taken as indicative of what I certainly hope is a long term future for Ethical and Renewable investments.  

JKenH

Exiled_Tyke said:

JKenH said:

'Green' investment funds lose savers £7bn in six months

On Hargreaves Lansdown, Britain’s largest broker, all of the five most popular green funds have lost more than the stock market this year.

On the rival broker AJ Bell, its own AJ Bell Responsible Growth fund was the most popular pick, but has lost 7pc since the start of the year. 

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date. Investment trusts that own renewable infrastructure assets have been more resilient than their rivals this year, thanks to strength in the power price market. 

The Renewable Infrastructure Group, which ranked third among Interactive Investor customers, nudged up 2pc in the same period. 

Alan Brierley, of the broker Investec, said that the renewable energy infrastructure funds were well placed to benefit from higher inflation. "Renewables projects’ income are principally comprised of subsidies, which are typically explicitly linked to inflation," he said.

https://www.telegraph.co.uk/investing/funds/green-investment-funds-lose-savers-7bn-six-months/

I'm afraid I am a little sceptical about this. Given the broad scope of what companies are included under the umbrellas of 'green' and 'ethical' I'm not sure how useful this article is. A view exacerbated by the political motivations this source often shows over journalistic objectivity.  

With  markets are volatile at the moment and renewables probably more so than others.  Greencoat is trading well over NAV so I'd expect this to be corrected to some degree in the not too distant future.  Also the bulk of the return on this investment is expected to be in dividends (given the policy) and not necessarily capital growth.    

Finally a six month historic timespan in the current circumstances really can't be taken as indicative of what I certainly hope is a long term future for Ethical and Renewable investments.  

I am surprised that you feel that way about the post. I am not able to quote all the article but the quotes I did include made it quite clear that UK Wind actually increased in value and that green infra structure funds are well placed to benefit from higher inflation and that is not something that can be said about many investments. Perhaps you were looking for negativity just because the article was from the Daily Telegraph. 

Here is a previous quote from the Telegrah about UK Wind. 

Our infrastructure trust is Greencoat UK Wind, “one of the few renewable energy infrastructure funds to have maintained the link between its dividend and inflation”, according to Simon Elliott of Winterflood, the broker. The trust also says it aims to “preserve the capital value of the investment portfolio in real terms”.

and from 2020

Greencoat shares are worth tucking away. Its placings typically have a retail portion and are a good entry point because they are priced at a slight market discount.

Questor says: buy

The Telegraph also reported that the share price fell 7% due to the windfall tax scare but that is the job of a newspaper - to give facts and opinions good or bad.

The Telegraph is a newspaper that provides a wide spread of opinion on renewables from its commentators. If you want good news all the time then there are plenty of other sources available many of which are regularly quoted on this board but you then only get to see one side of the coin.

QrizB

JKenH said:

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date.

FWIW I've got a small position in Greencoat UK Wind and I'm quite happy with its recent performance.
It's my market-traded complement to my stake in Ripple.

Exiled_Tyke

JKenH said:

Exiled_Tyke said:

JKenH said:

'Green' investment funds lose savers £7bn in six months

On Hargreaves Lansdown, Britain’s largest broker, all of the five most popular green funds have lost more than the stock market this year.

On the rival broker AJ Bell, its own AJ Bell Responsible Growth fund was the most popular pick, but has lost 7pc since the start of the year. 

However, the second most popular pick on Interactive Investor was Greencoat UK Wind, which invests in infrastructure that supports wind generation and has grown by 10pc in the year to date. Investment trusts that own renewable infrastructure assets have been more resilient than their rivals this year, thanks to strength in the power price market. 

The Renewable Infrastructure Group, which ranked third among Interactive Investor customers, nudged up 2pc in the same period. 

Alan Brierley, of the broker Investec, said that the renewable energy infrastructure funds were well placed to benefit from higher inflation. "Renewables projects’ income are principally comprised of subsidies, which are typically explicitly linked to inflation," he said.

https://www.telegraph.co.uk/investing/funds/green-investment-funds-lose-savers-7bn-six-months/

I'm afraid I am a little sceptical about this. Given the broad scope of what companies are included under the umbrellas of 'green' and 'ethical' I'm not sure how useful this article is. A view exacerbated by the political motivations this source often shows over journalistic objectivity.  

With  markets are volatile at the moment and renewables probably more so than others.  Greencoat is trading well over NAV so I'd expect this to be corrected to some degree in the not too distant future.  Also the bulk of the return on this investment is expected to be in dividends (given the policy) and not necessarily capital growth.    

Finally a six month historic timespan in the current circumstances really can't be taken as indicative of what I certainly hope is a long term future for Ethical and Renewable investments.  

I am surprised that you feel that way about the post. I am not able to quote all the article but the quotes I did include made it quite clear that UK Wind actually increased in value and that green infra structure funds are well placed to benefit from higher inflation and that is not something that can be said about many investments. Perhaps you were looking for negativity just because the article was from the Daily Telegraph. 

Here is a previous quote from the Telegrah about UK Wind. 

Our infrastructure trust is Greencoat UK Wind, “one of the few renewable energy infrastructure funds to have maintained the link between its dividend and inflation”, according to Simon Elliott of Winterflood, the broker. The trust also says it aims to “preserve the capital value of the investment portfolio in real terms”.

and from 2020

Greencoat shares are worth tucking away. Its placings typically have a retail portion and are a good entry point because they are priced at a slight market discount.

Questor says: buy

The Telegraph also reported that the share price fell 7% due to the windfall tax scare but that is the job of a newspaper - to give facts and opinions good or bad.

The Telegraph is a newspaper that provides a wide spread of opinion on renewables from its commentators. If you want good news all the time then there are plenty of other sources available many of which are regularly quoted on this board but you then only get to see one side of the coin.

You are missing my point. I've nothing against Greencoat. I have some of their shares. I don't find the article informative. I'd go so far as to say, in consequential. But my fear is that there may be some green-deniers, who happen to be also readers of this paper, who will use this to justify unhelpful views.