Fund of the week: Ecofin powers ahead

Ecofin Water & Power Opportunities invests globally in water, electric power and gas distribution businesses, which are as close to recession-proof as you can get.

In terms of assets held, investment style or structure, "investment trusts work best when they provide investors with something they can't readily access elsewhere", says Simon Elliott of Wins Investment Trusts. He believes Ecofin Water & Power Opportunities (LSE:ECWO) fits the bill on all three counts.

Run by Bernard Lambilliotte, the firm invests globally in water, electric power and gas distribution businesses, which are as close to recession-proof as you can get. But what's really exciting Ecofin Fund Management which, with $4.5bn in its portfolios, is one of the largest specialist utility players is a coming sea change. Ecofin believes the world is in the early stages of a boom in spending on electricity and gas infrastructure that could reverse years of underinvestment as demand for power soars. All of which should mean high energy prices and healthy earnings growth for the sector.

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