Guinness Sustainable Energy Fund on Amphenol
Thesis
The fund owns Amphenol within the portfolio's electrical-equipment theme. The managers view companies supplying electrical products and connectivity across a wide range of applications as beneficiaries of greater electrification and grid build-out. The thesis is supported by rising global electricity demand and the need for substantial investment in power infrastructure.
“facilitate the electrification of energy demand and the build-out of the electrical grid”
Key risks
- Higher interest rates can pressure valuations of growth companies
- A slowdown in electrification or infrastructure spending would reduce demand