Premier Energy & Water to extend life

The board of the Premier Energy & Water investment trust has elected to extend the vehicle’s life beyond its original 31 December 2010 wind-up date.

Premier says the decision was taken after discussions with a number of shareholders, who indicated a desire to remain invested within the £61m fund.

"The water, power, gas distribution and infrastructure markets are amongst the largest industries in the world providing essential services to individuals, industry, businesses and the public sector," Premier head of utility investment Andrew Whalley says.

"As such, water and energy are less susceptible to slowdown than most stock market areas and we believe the Premier Energy & Water trust is well positioned to exploit the expected growth in demand for power and water in emerging markets, particularly Asia."