Foresight Group has launched the first tranche of shares for its Smart Bonds fund, which makes loans to companies involved in the ownership, operation or rent of smart meters to UK energy suppliers.
Tranche A offers investors the choice to invest over one-, two- or three-year fixed terms, with a minimum investment of £10,000. Investors will receive between 4.07% and 4.83% in interest, depending on the length of the term chosen by the investor and whether the interest is to be paid out annually or upon maturity of the product. The fund offers an innovative funding solution for the UK roll out of smart meters, which are being installed in every home and business in the UK. Why renewable energy is boosting infrastructure funds Aiming to raise a maximum of £10m, Foresight will...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
