Liontrust GF Sustainable Future Pan-European Growth Fund on Nordex SE
Thesis
Liontrust initiated Nordex as one of three additions tied to enabling the energy transition. Nordex manufactures wind turbines that generate low-carbon electricity and has installed 64GW in more than 40 countries. The manager sees continuing growth as utilities invest in sources of reliable, clean and affordable generation. The position is intended to benefit from structural demand for wind power.
“It has 64GW installed in over 40 countries”
Key risks
- Higher interest rates and oil prices could weigh on equity valuations and growth.
- Currency movements could reduce returns from overseas equities.