Utilico Emerging Markets Trust – equity proposition
23/07/2026
Utilico Emerging Markets Trust’s (UEM’s) investment objective is to provide long-term total returns by investing predominantly in infrastructure, utility and related equities, mainly in emerging markets. We highlight the four things investors need to know about UEM’s investment story. The trust aims to generate an attractive long-term total return from a portfolio of emerging market infrastructure and utility equities. The managers employ a diligent bottom-up stock selection process seeking undervalued companies with long-term growth potential. Each of the trust’s holdings can be classified under one of four megatrends. UEM has a progressive dividend policy. If you would like to learn more about Utilico Emerging Markets Trust, please visit the Edison Group website.
Uncovering Trusts – Utilico Emerging Markets Trust (UEM): Riding infrastructure megatrends across emerging markets
09/06/2026
In this episode, our director of content for investment companies, Milosz Papst, talks about Utilico Emerging Markets Trust (UEM), a specialist investment trust focused on infrastructure and utility companies across emerging markets. He introduces the trust and its managers’ long-term, bottom-up investment approach – a concentrated portfolio of around 70 holdings managed by Charles Jillings and Jacqueline Broers at Bermuda-based ICM. Milosz outlines the portfolio’s four key investment themes: social infrastructure, energy growth and transition, digital infrastructure, and global trade. He discusses the investment case behind each, including highlighted holdings such as Brazilian water utility Sabesp, renewable energy giant AXIA Energia, Chinese data centre operator GDS Group and Philippine port operator International Container Terminal Services.
Turning to performance, Milosz covers the trust’s strong long-term track record, with an annualised NAV total return of close to 10% since launch in 2005 and encouraging more recent results in Q126, supported by the trust’s sizeable Brazil exposure. He also highlights UEM’s progressive dividend policy, noting that the trust is the only AIC Global Emerging Markets fund designated as a next-generation dividend hero, with more than 10 consecutive years of dividend growth.
Listen on your preferred podcast player below:
About Uncovering Trusts: Uncovering Trusts is a podcast run by Edison analysts, which is released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.
Bull, Bear & Beyond – Utilico Emerging Markets Trust in 60 seconds
13/05/2026
Get the lowdown from Edison’s Mel Jenner on Utilico Emerging Markets Trust, which seeks to provide long-term total returns by investing primarily in infrastructure and utility equities across emerging markets.
Listen on your preferred podcast player below:
About Bull, Bear & Beyond: Each episode features candid conversations with senior executives and from our own team of experts from across industries, exploring strategy, innovation, and the opportunities shaping their markets and 60-second pieces are a compressed summary of content designed to convey our message in a single, easily shareable hit.