Guinness Sustainable Energy Fund on Legrand
Thesis
The fund owns Legrand within its electrical-equipment allocation focused on electrification and grid expansion. Legrand participates in electrical products across different voltage applications and end markets. The managers expect the structural rise in electricity demand and investment in network infrastructure to support long-term demand for these products.
“facilitate the electrification of energy demand and the build-out of the electrical grid”
Key risks
- Infrastructure spending can be delayed
- Higher rates can pressure growth-stock valuations