All-time high yields on infrastructure investment trust sectors
Renewable Energy Infrastructure and Infrastructure investment trust sectors are nearing all-time highs.
The yields of the Renewable Energy Infrastructure and Infrastructure investment trust sectors are near all-time highs according to data from the Association of Investment Companies (AIC). The average yield of the Renewable Energy sector is 10%, spiking to 10.6% on 7 April 2025 an all-time high, whereas the average yield of the Infrastructure investment trust sector is 6.4%, spiking to a record 6.8% on 7 April 2025.
Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC), said: “The recent tariff sell-off has led to yields in the Infrastructure and Renewable Energy Infrastructure sectors ballooning to all-time highs. The discount, which reflects sentiment towards these sectors, is historically wide at 21% for Infrastructure and 33% for Renewable Energy Infrastructure. Performance of both these sectors has suffered in the last three years as rising interest rates and cost disclosure issues have taken their toll.
The recent tariff sell-off has led to yields in the Infrastructure and Renewable Energy Infrastructure sectors ballooning to all-time highs. The discount, which reflects sentiment towards these sectors, is historically wide at 21% for Infrastructure and 33% for Renewable Energy Infrastructure. Performance of both these sectors has suffered in the last three years as rising interest rates and cost disclosure issues have taken their toll.
Annabel Brodie-Smith, Communications Director of the Association of Investment Companies (AIC)
“However, analysts believe the pessimistic view of these infrastructure sectors is overdone and there’s reason for optimism. The infrastructure dividend yields are some of the highest on the UK market, offering resilient income in an uncertain world. There has been some corporate activity within the sector and there are predictions of more to come. Boards are acting proactively for their shareholders, undertaking more share buybacks and realising assets. The market has priced in interest rate cuts which would benefit these investment trusts.
“Of course, it’s vital that investors do their homework and thoroughly research these investment trust options. If investors are in any doubt, they should speak to a financial adviser.”
Renewable Energy Infrastructure sector
For historical context, the Renewable Energy Infrastructure sector had a yield of 9.1% at the end of December 2024, 6.8% at the end of December 2023 and 5.4% at the end of December 2022.
Renewable Energy Infrastructure sector performance, yields and discounts
| Investment Trust | AIC sector | Yield (%) | Discount (%) | Share price total return % | ||
|---|---|---|---|---|---|---|
|
| 1yr | 5yr | 10yr | ||
| Weighted Average | Renewable Energy Infrastructure | 10.09 | -33.26 | -7.50 | -11.16 | 50.58 |
| Bluefield Solar Income Fund | Renewable Energy Infrastructure | 9.54 | -26.20 | 4.53 | -1.75 | 70.13 |
| Downing Renewables & Infrastructure | Renewable Energy Infrastructure | 7.93 | -35.86 | 8.98 | - | - |
| Foresight Environmental Infrastructure | Renewable Energy Infrastructure | 10.94 | -33.81 | -10.92 | -15.40 | 26.11 |
| Foresight Solar Fund | Renewable Energy Infrastructure | 9.96 | -28.71 | 7.66 | 2.41 | 49.20 |
| Gore Street Energy Storage | Renewable Energy Infrastructure | 12.07 | -42.43 | -0.35 | -14.45 | - |
| Greencoat Renewables | Renewable Energy Infrastructure | 9.30 | -34.56 | -5.56 | -13.90 | - |
| Greencoat UK Wind | Renewable Energy Infrastructure | 9.58 | -28.82 | -15.86 | 2.99 | 72.45 |
| Gresham House Energy Storage | Renewable Energy Infrastructure | 9.02 | -44.93 | 50.49 | -21.62 | - |
| HydrogenOne Capital Growth | Renewable Energy Infrastructure | - | -77.10 | -52.25 | - | - |
| NextEnergy Solar | Renewable Energy Infrastructure | 12.34 | -30.13 | 6.11 | -12.03 | 34.74 |
| Octopus Renewables Infrastructure | Renewable Energy Infrastructure | 9.33 | -35.79 | 3.31 | -17.53 | - |
| Renewables Infrastructure Group | Renewable Energy Infrastructure | 9.59 | -32.97 | -13.38 | -19.65 | 34.94 |
| SDCL Energy Efficiency Income | Renewable Energy Infrastructure | 13.74 | -49.40 | -9.93 | -33.89 | - |
| US Solar Fund | Renewable Energy Infrastructure | 6.82 | -48.16 | -28.29 | -53.43 | - |
| VH Global Energy Infrastructure | Renewable Energy Infrastructure | 10.60 | -48.17 | -14.27 | - | - |
Source: theaic.co.uk / Morningstar. Share price total return, yield and discount data to 14 April 2025. A hyphen (-) denotes no performance data. Table excludes investment trusts where a wind-up, merger or acquisition has been proposed.
Infrastructure sector
For historical context, the infrastructure sector had a yield of 6.2% at the end of December 2024, 5.9% at the end of December 2023 and 5.1% at the end of December 2022.
Infrastructure sector performance, yields and discounts
| Investment Trust | AIC sector | Yield (%) | Discount (%) | Share price total return % | ||
|---|---|---|---|---|---|---|
|
| 1yr | 5yr | 10yr | ||
| Weighted Average | Infrastructure | 6.56 | -20.66 | 1.97 | 6.92 | 64.42 |
| 3i Infrastructure | Infrastructure | 4.23 | -15.27 | 1.13 | 52.06 | 162.76 |
| Cordiant Digital Infrastructure | Infrastructure | 4.95 | -31.93 | 35.24 | - | - |
| GCP Infrastructure Investments | Infrastructure | 9.75 | -31.93 | 10.11 | -11.23 | 20.41 |
| HICL Infrastructure | Infrastructure | 7.34 | -28.36 | -4.69 | -10.67 | 22.46 |
| International Public Partnerships | Infrastructure | 7.53 | -22.56 | -4.08 | -5.95 | 33.25 |
| Pantheon Infrastructure | Infrastructure | 4.40 | -18.62 | 31.79 | - | - |
| Sequoia Economic Infrastructure Income | Infrastructure | 8.99 | -19.31 | 2.22 | 8.23 | 32.57 |
Source: theaic.co.uk / Morningstar. Share price total return, yield and discount data to 14 April 2025. A hyphen (-) denotes no performance data. Table excludes investment trusts where a wind-up, merger or acquisition has been proposed.
- ENDS -
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Notes to editors
- Average investment trust discount excludes 3i and VCTs.
- The Association of Investment Companies (AIC) represents a broad range of investment trusts and VCTs, collectively known as investment companies. The AIC’s vision is for closed-ended investment companies to be understood and considered by every investor. The AIC has 300 members and the industry has total assets of approximately £260 billion.
- For more information about the AIC and investment trusts, visit the AIC’s website.
- Disclaimer: The information contained in this press release does not constitute investment advice or personal recommendation and it is not an invitation or inducement to engage in investment activity. You should seek independent financial and, if appropriate, legal advice as to the suitability of any investment decision. Past performance is not a guide to future performance. The value of investment company shares, and the income from them, can fall as well as rise. You may not get back the full amount invested and, in some cases, nothing at all.
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