Solid income from a renewable energy "tortoise" fund

GCP Infrastructure plods along compared with its rivals, but offers an attractive yield at the current price

Boat at an offshore windfarm © Getty
Alternative energy projects are the biggest part of GCP’s portfolio © Getty
(Image credit: Boat at an offshore windfarm © Getty)

With so many companies cancelling, cutting or postponing dividends, income-seeking investors are becoming increasingly dependent on the “alternative income” section of the market. Some of these funds, such as the student accommodation ones, have proved economically sensitive, but many are relatively unaffected so their share prices have recovered strongly. GCP Infrastructure Investments stands out as one that hasn’t.

Slow and steady

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.