Horizon Fund

The impact of ESG ETF’s on Global Listed Infrastructure

  • ESG Funds have gained in popularity in 2020, sometimes with a material impact on underlying holdings
  • This has impacted Global Listed Infrastructure (GLI) stocks recently, with the iShares Clean Energy ETF purchasing 1-6% of companies’ float in a matter of weeks leading to excess returns of 19 – 37%
  • These market dynamics, even in a sector with defensive characteristics like GLI, support an active and long-short approach to investing and managing risk….