How the £583m Bluefield Solar Income fund is benefitting from a 'transformative market'

330% increase in AUM since launch

Jayna Rana
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Solar power
Image:

Solar power

The outlook for the renewables fund sector is looking more positive than ever as demand continues to grow from investors searching for yield and renewable energy becomes part of the "mainstream" according to James Armstrong, managing partner at Bluefield Partners.

In its annual results released last week for the 12 months to 30 June, the £583m Bluefield Solar Income fund revealed a NAV total return of 18.5%, a share price total return of 23% and a third consecutive year of dividend outperformance against its targets (see table, right).  It is also the top performing fund in its AIC Infrastructure - Renewable Energy sector over one and three years. Popularity Armstrong, who founded and manages Bluefield alongside Mike Rand and Giovanni Terranova, attributes its success to being in a sector that is becoming increasingly popular, while using a f...

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