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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.£130.5m
Last close362.50p
High / Low (52 weeks)413.0p / 328.0p
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 growth in line with nominal Asia ex-Japan GDP on a rolling three-year basis. It follows a detailed, bottom-up approach to investing in a concentrated portfolio of 20–30 of Asia’s highest-quality and most sustainable businesses, unconstrained by a benchmark. Although market conditions have become more challenging for Asian equities, MCP’s manager Andrew Graham believes the portfolio’s high-quality companies are poised to do well in this environment. He also notes the trust’s performance is less volatile than the MSCI AC Asia ex-Japan index. A dividend policy change in 2017 allowing payment from capital reserves, in addition to revenue income, has materially increased MCP’s yield. Unlike one-off special dividends, it is the board’s intention for this higher overall payout to endure. At 4.9%, MCP’s dividend yield is one of the highest among peers.

Last updated on 09/11/2018

Key management

Company address

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