Electron Global Fund Adds 12.9% In 2021, Benefits From ESG Shift

The Electron Global Fund returned 4% in December and 12.9% in 2021, according to a copy of its fourth-quarter letter, which ValueWalk has been able to review. Since its inception, the fund has produced an annualized return for investors of 11.4% and a cumulative return of 424.8%. In comparison, its benchmark, the MSCI World Utilities Index, has delivered an annualized return of 3.1% and a total cumulative return of 59.9% since the fund’s inception. In the update, Electron, which focuses on equities in the global utility sector, explains that after a strong 2021, assets under management hit $2.7 billion at…