Utilico Emerging Markets Trust

LN: UEM

Market Cap£459.7m

Last Close 210p

Utilico Emerging Markets Trust’s investment objective is to provide long-term total returns by investing predominantly in infrastructure, utility and related equities, mainly in emerging markets.

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Investment summary

Utilico Emerging Markets Trust (UEM) is facing a continuation vote at the September 2021 AGM; since inception, the fund has generated NAV total returns of c 10.0% pa and has outperformed the MSCI Emerging Markets Index over the last decade. It is managed by Charles Jillings at specialist investment firm ICM Group. The manager is very encouraged by the robust operating performance of the majority of UEM’s investee companies, helped by higher revenues and strict cost control, which has been supportive for their share prices this year. UEM has an above-market dividend yield and the growing annual distribution is fully covered by portfolio income.

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Share price graph
Price performance
%
1m
3m
12m
Actual (2.8) (2.3) 5.9
Relative* (6.4) (6.2) (6.1)
52-week high/low 229.0p/192.5p
*% relative to local index
Key management
John Rennocks Chairman
Charles Jillings Fund manager

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