and getting next to nothing in interest on your cash savings? Then here is a dull ideal for you to receive a 6%+ yield which is expected to go up in line with inflation while hopefully maintaining the capital value. In brief the fund concerned is called The Renewable Infrastructure Fund (TRIG) the largest such London listed fund which reported interim results today. You can click the highlighted name link to visit their website and learn more about it.
in summary it invests in a portfolio of renewable energy assets such as on shore wind and solar pv farms and the revenues from these pay the dividends. These are expected to grow in line with inflation given the inflation linking built into some of the renewable incentive schemes. This latter point, after this years budget in the UK, highlights one of the operational risks which they highlight as being - the periodic energy yield, the level of future energy prices, and government support for renewable energy.
Therefore it is not without its risks but if they manage to achieve their aims of delivering the real yield plus reinvesting surplus cash flow over and above that to help maintain and potentially increase the asset value, then it could be quite a nice little earner (as Arthur Daley might have said - RIP George Cole) - in a dull green kind of way.
Timing wise doesn't look too bad as you'll pick up the 3.08p dividend announced today and the shares have come back to their issue price post the budget and the recent sell of in the market. This also means they are currently trading close to NAV which is unusual for this type of fund in recent months. It is also unusual for this one as they have been able to issue new stock in the last year thanks to the shares standing at a premium. So there you go a dull idea for you to get a decent real yield and help save the planet too if you don't fancy being a super hero in these markets!