Martin Currie Global Portfolio Trust

LN: MNP

£216.1m market cap

260p last close

Martin Currie Global Portfolio Trust’s objective is to achieve long-term capital growth in excess of the capital return of the benchmark FTSE World index by investing in a diversified portfolio of international quoted investments.

Investment summary

Martin Currie Global Portfolio Trust (MNP) has a new lead manager, Zehrid Osmani, formerly a senior portfolio manager and head of European equities research at BlackRock. He describes the trust as ‘the same vehicle with a new engine’, and is very excited about the prospects in his new role. Having introduced new elements to Martin Currie’s investment process, the manager is confident that the trust’s performance can improve, which he hopes will become apparent over the next 24 months. Osmani recognises that the AIC Global sector is a competitive peer group, so he understands that MNP’s performance needs to stand out from the crowd. The trust has a zero discount mechanism and a progressive dividend policy, and currently offers a yield of 1.8%.

Share price graph
Price performance
%
1m
3m
12m
Actual 2.0 9.7 10.6
Relative* (0.1) 1.0 7.5
52-week high/low 267.0p/226.0p
*% relative to local index
Key management
Neil Gaskell Chairman
Christopher Pyrkosz Head of Investment Trust Marketing
Tom Walker Fund manager

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