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Tortoise launches Ecofin Global Renewables Infrastructure Fund


Tortoise has launched the Ecofin Global Renewables Infrastructure Fund (ECOIX), a new open-end fund built to capitalise on the energy transition underway to reduce global CO2 emissions. 

Tortoise has launched the Ecofin Global Renewables Infrastructure Fund (ECOIX), a new open-end fund built to capitalise on the energy transition underway to reduce global CO2 emissions. The fund carries a strong performance track record of nearly five years, has a AAA MSCI ESG rating (as of 7 August, 2020) and is available to US retail investors and institutional investors through its institutional class shares. 

“Our competitive advantage is the investment team experience and we have a track record managing this strategy for nearly five years, delivering double-digit annualised returns with lower risk than the market, while providing a measurable decarbonisation impact,” says Michel Sznajer, Portfolio Manager. “This strategy is focused specifically on the rapidly growing migration into renewable and related clean electricity infrastructure as renewables are now the lowest-cost option for new-build electricity capacity in most markets in the world.” 
“Our team has been focused on and investing across the energy transition universe for over a decade,” says Matt Breidert, Senior Portfolio Manager. “We are at the start of a long shift towards clean electricity growing its share within the global energy mix, driven by consumer changes in transportation (electric vehicles), digitisation and electrification in commerce, demand from multi-national corporates requiring reduced carbon footprints in their global supply chains, and soon supplying zero-carbon electricity to kick-off the green hydrogen industry. This strategy offers investors an opportunity to capitalise on all of these structural shifts.”
“At Ecofin, our mission is to identify global challenges in need of capital and create investment strategies that optimise returns to investors and maximise the measurable impact to society,” says Brent Newcomb, President – Ecofin. “Universally, we believe investors are materially underweight climate change and renewables, including the technology driving renewable adoption. Bringing this type of product to US investors was part of our strategic plan when Tortoise acquired Ecofin Limited in 2018.”

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