Fund Research

Utilico Emerging Markets

Last update 26 March 2018

Utilico Emerging Markets Limited (UEM) has a portfolio of predominantly developing world equities that has a clear focus on stocks and sectors that display the characteristics of essential services or monopolies. Manager, Charles Jillings, aims to own companies that meet the growing needs of the ever-increasing middle classes in emerging markets countries.

Thanks to this investment approach and the team’s stock picking (which is generated by in-depth fundamental research), UEM has built up a decent track record of outperformance – particularly in flat or falling markets.

The team have reduced overall concentration, shifted the portfolio away from Asia and more towards Latin America while recently reducing the overall level of gearing. The decision to increase the trust’s weighting to Latin America has had a positive impact on the dividend, which yields 3.11% at the time of writing.

The trust currently trades on a 14% discount (as of the end of February 2018), which is wider than its longer-term average.

This site is designed for investment professionals and other intermediaries authorised in the UK by the Financial Conduct Authority. If you are not an investment professional or authorised intermediary you should not proceed.

Read the full article

Fund History: Utilico Emerging Markets

Related Research

Close

Welcome to Trust Intelligence

This site is designed for investment professionals and other intermediaries authorised in the UK by the Financial Conduct Authority. If you are not an investment professional or authorised intermediary you should not proceed.

By continuing to use this site, you confirm that you are a professional investor as defined in our terms and conditions.

Close Current Site Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.