FGEN is the new name for the environmental infrastructure fund formerly known as JLEN (John Laing Environmental Assets Group). A constituent of the FTSE 250 and Managed by Foresight Group, FGEN focuses on investing in a diversified portfolio of renewable energy and environmental infrastructure assets. The fund’s objective is to support the global transition to a low-carbon economy while providing long-term, stable returns to its investors.

We produced a brief introduction to the fund below

What FGEN Does

FGEN invests across a broad range of environmental sectors, including onshore wind, solar PV, anaerobic digestion, hydro, and waste and wastewater infrastructure. Its portfolio is spread across various technologies and geographies, reducing risk through diversification. The fund primarily targets operational, income-generating assets, aiming to generate both capital growth and a reliable income stream for shareholders.

The fund is well-aligned with global efforts to tackle climate change. FGEN’s investments help reduce carbon emissions and promote energy independence, playing a crucial role in the shift towards net zero. The rebranding from JLEN to FGEN signifies the fund’s strengthened commitment to investing in future-focused, sustainable infrastructure projects.

Performance and Dividend

FGEN has consistently delivered solid financial performance. For the financial year ending March 2023, the fund reported an increase in Net Asset Value (NAV), reflecting its diversified and resilient portfolio. The fund’s income generation is underpinned by long-term contracts, such as government-backed renewable energy subsidies and power purchase agreements, providing stability even in volatile market conditions.

FGEN’s strong performance has enabled it to maintain an attractive dividend policy. It currently targets a dividend yield of around 6%, offering quarterly payments to its shareholders. The fund has a history of consistently meeting or exceeding its dividend targets, making it an appealing option for both professional and retail investors seeking reliable, long-term income streams from sustainable investments.

Growth and Future Outlook

FGEN continues to grow its portfolio, with recent investments in energy storage, biomass plants, and other renewable energy technologies that are crucial for enhancing energy efficiency and grid stability. As the demand for renewable energy infrastructure grows globally, FGEN is well-positioned to capitalize on new opportunities in the environmental sector.

With its rebranding and ongoing commitment to sustainable energy, FGEN aims to play an even more significant role in the global shift towards a greener future, delivering value for its investors while contributing to a more sustainable planet.