Martin Currie Global Portfolio Trust

LSE: MNP

Market Cap£239m

Last Close 301p

MNP’s objective is to achieve a total return in excess of the total return of the benchmark MSCI AC World Index. Prior to 1 February 2020, the objective was to generate a capital return in excess of the capital return of a less broad global index.

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Investment summary

Martin Currie Global Portfolio Trust (MNP) has experienced a tough six-month period of relative performance at a time when value rather than growth stocks have been favoured by investors. The trust’s manager, Zehrid Osmani, has stayed true to his strategy of investing in high-quality companies with long-term growth potential, aiming to generate above-market returns over a rolling five-year period. He says that this approach has compounded investors’ wealth over the long term, and that ‘all it takes is a few quarters of positive earnings growth during a period of negative earnings revisions, and MNP should once again outperform’. He states that ‘valuation discipline is critical, but even more so now in an environment of rising interest rates’. The trust’s portfolio turnover remains low as the manager is not panicking or trying to chase performance.

Content on Martin Currie Global Portfolio Trust
Martin Currie Global Portfolio Trust – Patiently waiting for the storm to pass
Investment companies | research Review | 30 June 2022
Martin Currie Global Portfolio Trust – Positive equity and global economic outlook
Investment companies | research Review | 13 January 2022
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Share price graph
Price performance
%
1m
3m
12m
Actual 4.3 (4.8) (27.3)
Relative* (2.3) (7.8) (29.3)
52-week high/low 428.0p/275.0p
*% relative to local index
Key management
Gillian Watson Chairman
Christopher Pyrkosz Head of Investment Trust Marketing
Zehrid Osmani Fund manager

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