Commenting on new data suggesting that there are now more electric vehicle (EV) charging stations in the UK than conventional fuel stations, Harry Merrison, Investment Manager at Kingswood, said: “Today’s data is a reflection of the ongoing shift in automobiles from traditional fuel to electric. Currently, around the globe, less than one per cent of vehicles are fully electric, which represents a significant growth opportunity given the inevitability of the technology’s future monopoly. The charging infrastructure behind this, which is still relatively new, is showing clear signs that it is preparing for a significant shift. The future of driving is very much electric, we are witnessing the phasing out of automotive internal combustion engines.”
“The result of the world moving towards a future of cleaner energy is that demand for more ethical investment products has swollen. ESG funds, for example, hold younger companies; a structural nuance as new companies tend to be more ethically focussed from the get-go and unencumbered with legacy issues. We firmly believe ESG integration and engagement, effectively implemented, can lead to better investment decisions, and ultimately enhanced returns. Kingswood offers a complementary set of portfolios to its core models which are suitable for socially conscious clients in the cleaner energy market but also that provide long term stability, sustainability, greater downside protection and yield better long-term risk adjusted returns.”
