Utilico Emerging Markets Trust (LSE: UEM)

Last close As at 22/06/2024

GBP2.21

2.00 (0.91%)

Market capitalisation

GBP419m

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

View More

Investment Companies | audiovisual

Utilico Emerging Markets in 60 seconds

Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Charles Jillings

    Fund manager

  • John Rennocks

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (4.7) 1.4 (1.3)
Relative (3.0) (5.0) (9.7)
52 week high/low 235.0p/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.

Thematics

thematic

Investment Companies

Emerging markets – Worthy of consideration

thematic

Investment Companies

Dynam Capital at the 2024 Vietnam ESG Conference

thematic

Investment Companies

UK stock market – Scope for further upside in UK large-cap stocks

thematic

Investment Companies

Listed private equity – Performing a balancing act

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free