Martin Currie Global Portfolio Trust

LN: MNP

£301.3m market cap

355p last close

Martin Currie Global Portfolio Trust’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.

Investment summary

Martin Currie Global Portfolio Trust’s (MNP’s) performance has improved considerably following the appointment of manager Zehrid Osmani on 1 October 2018, since when he has refined the trust’s investment process. MNP has now outperformed its benchmark over the last one, three, five and 10 years. The manager focuses on high-conviction positions and his long-term horizon helps navigate short-term market volatility. MNP has performed well despite a lack of exposure to the high-profile, large-cap US technology stocks that have led the market. Osmani has generated alpha by investing in some mid-cap stocks that are not particularly well followed, such as US company Masimo (non-invasive patient monitoring technologies), which is now the largest position in the portfolio.

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Share price graph
Price performance
%
1m
3m
12m
Actual 2.9 8.1 23.8
Relative* (5.6) 0.9 40.2
52-week high/low 367.0p/236.0p
*% relative to local index
Key management
Neil Gaskell Chairman
Christopher Pyrkosz Head of Investment Trust Marketing
Zehrid Osmani Fund manager

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