Bob Carlson, a pension fund chairman who also leads the Retirement Watch investment newsletter, said he recommends investing in clean energy through diversified infrastructure-focused mutual funds. Established infrastructure companies are leading the way in developing and using clean energy sources, he added. Plus, such infrastructure companies have well-established sources of cash flow that increase with inflation, Carlson counseled. A mutual fund manager with a diversified portfolio will be able to separate the well-run clean energy sources and those with the best technology from others whose performance hinges on hype and headlines, he continued.
One of the two funds favored by Carlson is Cohen & Steers Global Infrastructure (CSUAX). It has the leeway to invest in any type of infrastructure company in the world. Carlson’s second recommendation is the closed-end fund Cohen & Steers Infrastructure (UTF). NextEra Energy (NEE), a utility in Juno Beach, Florida, is going through a leadership transition that seems to be weighing down its share price.
Source: Dividend Investor
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