Utilico Emerging Markets Trust (UEM) announced its half-yearly financial report for the six months to 30 September 2019. The company continued to deliver a positive performance with a NAV total return per ordinary share of 9.0%, ahead of the MSCI EM Total Return Index, GBP adjusted, which was up 1.8%. This continues to benefit from the company’s strong conviction in Brazil. Share price total return per share was 10.4% while total revenue income for the period stood at £18.1m.
Charles Jillings, Investment Manager of UEM, said: “UEM’s portfolio remains well positioned with a diverse portfolio. The management team continues to travel extensively in order to seek out compelling investments that offer excellent returns. As such, it is notable that UEM’s portfolio consists of a diverse range of companies that are often under-represented in the MSCI.”