Utilico Emerging Markets Trust

Overview
Price performance
Financials
Research
Thematics

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.

Latest Insights

Investment Companies |
Review

10.04.24

Utilico Emerging Markets Trust — Quality of UEM’s assets is underappreciated

Investment Companies |
edison tv

29.01.24

Vantage: Unlocking growth in emerging markets with Utilico Emerging Markets Trust’s Charles Jillings

Investment Companies |
Review

14.09.23

Utilico Emerging Markets Trust — Emerging market growth opportunities at a discount

Investment Companies |
Review

05.04.23

Utilico Emerging Markets Trust — Companies’ operational strength not priced in

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Sector

Investment Companies

Equity Analyst

Mel Jenner

Director, Investment Trusts

Key Management

Charles Jillings

Fund manager
John Rennocks

Chairman

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	2.3	(1.8)	4.2
Relative	1.1	(7.5)	2.3
52 week high/low	233.0p/205.0p

Overview

Utilico Emerging Markets Trust’s (UEM’s) manager Charles Jillings, at specialist investor ICM, is very excited about the prospects for the trust’s investee companies. He believes that investors underappreciate the quality of these businesses and the teams that manage them. Jillings travels extensively, along with deputy portfolio managers Jacqueline Broers and Jonathan Groocock, meeting with current portfolio and other firms and relevant organisations in emerging markets. They report first hand that companies in the fund are performing very well, with robust top-line growth and cost reductions leading to higher margins. Because of the nature of UEM’s holdings in infrastructure and utility assets, the fund has a consistently low beta. Successful stock selection has led to the trust’s NAV outperformance versus the MSCI Emerging Markets Index over the last one, three, five and 10 years – most notably over the last three years. Since inception in 2005, UEM’s NAV total return compounded at 9.5% per year.