Martin Currie Asia Unconstrained Trust (MCP)

Business description

Martin Currie Pacific Trust aims to achieve returns commensurate with Asia ex Japan nominal GDP growth, unconstrained by an equity benchmark, over a long-term time horizon from a concentrated portfolio of 20-30 stocks.

Stock data

Market cap.£141.4m
Last close391.50p
High / Low (52 weeks)405.0p / 313.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Martin Currie Asia Unconstrained Trust ups dividend 110%

Thu, 06 Jul 2017 11:15:00 GMT

Martin Currie Pacific Trust name change

Fri, 31 Jul 2015 15:22:30 GMT

Martin Currie Pacific hopes to catch the tide in Asia

Mon, 15 Jun 2015 08:04:40 GMT

Martin Currie Asia Unconstrand Trust PLC - Receive News & Ratings Daily

Fri, 21 Jul 2017 22:41:15 GMT

Martin Currie Asia Unconstrand Trust PLC (MCP) Decline -0.32% on Aug 18

Fri, 18 Aug 2017 15:45:00 GMT

Investment summary

Martin Currie Asia Unconstrained Trust (MCP) adopted Martin Currie’s Asia Long-Term Unconstrained (ALTU) strategy in July 2014, aiming to generate returns in line with Asia-Pacific ex-Japan GDP growth. The trust has consistently traded at a wider discount than its peers, but the differential has recently narrowed following the board’s proposal on 4 April 2017 to increase the dividend meaningfully. Based on MCP’s end-FY17 ex-income NAV, the dividend yield would more than double, lifting the yield to c 4.5%. MCP has outperformed its Asian GDP growth benchmark since adopting the ALTU strategy and over shorter time periods, with particularly strong relative performance over the last 12 months, helped by sterling weakness.

Last updated on 03/05/2017

Key management

Company address

Saltire Court
20 Castle Terrace
Edinburgh
EH1 2ES
United Kingdom
+44 131-229-5252
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