News 2004

The EIC Energy Utility Fund benefited from the strong equity markets rally in December and closed at CHF 43.45 (+4.4% in December). Going into 2004 we beleive that the expected utility sector total return of 8-11% offers an attractive investment opportunity. Key trends are the rising power prices in...

Scandinavian Energy Finance Ltd. ("SEFL"), the majority owner of seven district heating systems in Sweden, has filed yesterday a request for arbitration against Lantbrukskredit AB with the Swedish Arbitration Institute of the Stockholm Chamber of Commerce. Lantbrukskredit is the main lender to SEFL ...