Utilico Emerging Markets Trust — Proposals aim to increase shareholder returns
07/08/2025
Utilico Emerging Market Trust’s (UEM’s) board has announced a series of initiatives, aiming to make the company more attractive and to enhance value creation for new and existing shareholders. These measures are: a new performance-based tender offer; continuation of the share buyback programme; further annual dividend increases; and bringing forward the 2026 continuation vote. UEM celebrated its 20th anniversary as a public company on 20 July 2025; over two decades, it has generated an annual NAV total return of 9.1%. This equates to an aggregate total return of 470.6%, which is meaningfully higher than the MSCI Emerging Markets Index’s 349.7% total return.
Utilico Emerging Markets Trust – equity proposition
28/07/2025
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. 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 UEM, please see our latest research here.
Uncovering Trusts – Utilico Emerging Markets Trust (UEM) – Defensive emerging market exposure
13/06/2025
In this episode, our director of content, investment trusts Milosz Papst provides an overview of this specialist emerging markets trust which aims to generate an attractive long-term total return from a diversified portfolio of emerging market equities, primarily in the infrastructure, utility and related sectors. He outlines the four megatrends identified by ICM, the trust’s manager: social infrastructure, energy growth & transition, digital infrastructure, and global trade. He explains UEM’s focus on countries which exhibit positive attributes such as political stability, economic development, an acceptable legal framework, and an encouraging attitude to foreign investment. He highlights that the trust has recently become an AIC next-generation dividend hero. Finally, he elaborates on the trust’s discount to NAV.
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.