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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.£123m
Last close340.50p
High / Low (52 weeks)413.0p / 330.0p
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 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

Investment Trust Watch: Questor shakes up shares

Fri, 21 Apr 2017 12:20:20 GMT

Trust Insider: Aberdeen Asian Smaller Cos depends on a return to sanity

Tue, 17 Nov 2015 00:03:10 GMT

Best investment trusts to buy at a discount of more than 5%

Mon, 31 Jul 2017 11:07:49 GMT

Investment summary

Martin Currie Asia Unconstrained Trust (MCP) aims to deliver returns in line with nominal Asia ex-Japan GDP growth on a rolling three-year basis. It aims to achieve this through a rigorous ‘forensic’ analysis, to build a relatively concentrated portfolio of c 30 high-conviction stocks. This strategy was adopted in August 2014 and has since delivered annualised total returns of 11.6% to end-May 2018, with lower volatility relative to the MSCI AC Asia ex-Japan index. Following a change in dividend policy in April 2017, MCP’s 4.1% yield is one of the highest among peers, although its discount to cum-income NAV is one of the widest, suggesting scope to narrow over time.

Last updated on 21/06/2018

Key management

Company address

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