Utilico Emerging Markets (UEM)

Business description

Utilico Emerging Markets seeks long-term total return predominantly through investing in infrastructure, utility and related sectors, mainly in emerging markets. The manager follows a primarily bottom-up approach independent of index weightings. The company has an indefinite life subject to five yearly continuation votes. Performance fees are calculated by reference to the post-tax yield on FTSE Actuaries Govt. Securities UK Gilt 5-10 years plus inflation plus 2%, and company publications compare performance with the MSCI EM index.

Stock data

Market cap.£487.5m
Last close226.50p
High / Low (52 weeks)229.8p / 190.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Cheap trusts to back Brazil out of political crisis

Sun, 23 Jul 2017 23:02:28 GMT

Isa ideas: Why smaller UK companies, emerging market equities and dividend ...

Wed, 22 Mar 2017 12:22:30 GMT

Buy this niche investment trust on a 25pc discount for its large dividends

Mon, 12 Jun 2017 06:11:15 GMT

Emerging markets — time for investors to look again?

Thu, 04 Aug 2016 04:01:15 GMT

Rated Funds 2015: Global emerging market equities

Thu, 05 Mar 2015 16:48:51 GMT

Investment summary

Utilico Emerging Markets (UEM) is a closed-end investment company aiming to generate long-term total returns from a portfolio of emerging market equities, primarily in the infrastructure, utility and related sectors. Since launch, UEM has been managed by Charles Jillings supported by the specialist investment team at ICM. He is bullish on the outlook for emerging market equities, evidenced by UEM’s increased level of gearing; the manager suggests that there are plenty of attractively valued companies available to invest in. UEM has a progressive dividend policy; annual dividends have been increased or maintained every year since the fund was launched in July 2005; its current dividend yield is 3.1%.

Last updated on 06/07/2017

Latest video

Executive Interview – Utilico Emerging Markets

Key management

John Rennocks , Chairman
Charles Jillings, Fund manager

Company address

P O Box 208
Epsom
Surrey
KT18 7YF
United Kingdom
+44 (0)1372 271486
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