Foresight Group has launched a new fund to invest in UK-listed renewable-energy and infrastructure equities and bonds — the FP Foresight UK Infrastructure Income Fund (
www.foresightgroup.eu).
It will target an annual return on investment of 5%, according to the London-based infrastructure and private-equity investment manager.
Ahead of the fund launch, Foresight conducted research with financial advisers which revealed that three quarters of them were bullish about the investment outlook for UK infrastructure assets.
Foresight partner Jamie Richards said: “The new FP Foresight UK Infrastructure Income Fund enables investors to capitalise on a thriving energy sector, which offers numerous investment opportunities across generation, transmission and distribution technologies.
"The global decarbonisation agenda will lead to a growing reliance on renewable energy, which is becoming cheaper to produce and easier to store.”
Foresight said it believed renewable energy and infrastructure to be “attractive asset classes”, as they are characterised by stable and predictable demand, high barriers to entry and long-term contracted revenue streams.
It said the UK has seen unprecedented growth in renewable energy and infrastructure investment over the last five years, adding that this growth is expected to continue for the foreseeable future.