Tortoise announced the launch of an open-end fund, Ecofin Global Renewables Infrastructure Fund (ECOIX), built to capitalize 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 August 7, 2020) and is available to U.S. retail 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 annualized returns with lower risk than the market, while providing a measurable decarbonization impact," said 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." Please click here for the fund's standardized performance and beta.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 855-822-3863. 

"Our team has been focused on and investing across the energy transition universe for over a decade," said 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), digitization 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 capitalize on all of these structural shifts."

Key reasons to invest: 

• Access to the fast-growing decarbonization theme
• Track record for nearly five years of strong performance with lower risk than the market
• Measurable impact on emissions reductions; highest AAA ESG rating from MSCI (as of August 7, 2020)

"At Ecofin, our mission is to identify global challenges in need of capital and create investment strategies that optimize returns to investors and maximize the measurable impact to society," said 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 U.S. investors was part of our strategic plan when Tortoise acquired Ecofin Limited in 2018."

Ecofin | ecofininvest.com