Search Follow us

Utilico Emerging Markets Trust (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.£497.2m
Last close200.15p
High / Low (52 weeks)231.0p / 212.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

Other companies in sector Show

Aberdeen Asian Income Fund Aberdeen Latin American Income Fund
Aberdeen New Dawn Investment Trust Aberdeen New Thai Investment Trust
Aberdeen Private Equity Fund Aberdeen Standard Equity Income Trust
Aberdeen UK Tracker Trust AcenciA Debt Strategies
Acorn Income Fund Adamas Finance Asia
Alliance Trust Altamir SCA
Amphion Innovations Atlantis Japan Growth Fund
Aurelius Bailador Tech Investments
Baker Steel Resources Trust Bankers Investment Trust (The)
BB Biotech BioPharma Credit
BlackRock Emerging Europe BlackRock Greater Europe Investment Trust
BlackRock Hedge Selector BlackRock Latin American Inv. Trust
BMO Managed Portfolio Trust Growth Portfolio BMO Managed Portfolio Trust Income Portfolio
British Portfolio Trust Brunner Investment Trust (The)
Canadian General Investments Carador Income Fund
CFP Sanford DeLand Free Spirit Fund. Charles Stanley
City Natural Resources Conversus Capital
CQS Rig Finance Fund CVC Credit Partners European Opps
Detour Gold Deutsche Beteiligungs
Dexion Commodities Diverse Income Trust (The)
DouglasBay Capital Dunedin Enterprise Investment Trust
DW Catalyst Fund Edinburgh Worldwide Investment Trust (The)
EJF Investments European Assets Trust
F&C Investment Trust Fidelity Asian Values
Fidelity China Special Situations Fidelity European Values
Fidelity Japan Trust Fidelity Special Values
Finsbury Growth & Income Trust Gartmore Growth Opportunities
Gartmore Irish Growth Fund Geiger Counter Limited
Genesis Emerging Markets Fund GLI Alternative Finance
Global Resources Investment Trust Golden Prospect Precious Metals
Gulf Investment Fund Hansa Trust
HarbourVest Global Private Equity HarbourVest Senior Loans Europe
HBM Healthcare Investments Heliad Equity Partners
Henderson Alternative Strategies Trust Henderson Far East Income
Henderson Global Trust Henderson Global Trust
Henderson International Income Trust Heptagon
HSBC Infrastructure Company Infrastructure India
International Biotechnology Trust Invesco Asia Trust
Invesco Income Growth Trust Is Private Equity
JP Morgan Private Equity Limited JPMorgan Brazil Investment Trust
JPMorgan European Smaller Companies Trust JPMorgan Global Convertibles Income Fund
JPMorgan Global Growth & Income JPMorgan Indian Investment Trust
Jupiter Green Investment Trust Jupiter UK Growth Investment Trust
Jupiter US Smaller Companies JZ Capital Partners Limited
Lazard World Trust Fund Leaf Clean Energy Company
LMS Capital Lowland Investment Company
LPeC Marble Point Loan Financing
Martin Currie Asia Unconstrained Trust Martin Currie Global Portfolio Trust
Middlefield Canadian Income Miton Global Opportunities
Miton Income Opportunities Trust Murray Income Trust
Murray International Trust New City Energy
Ocean Wilsons Holdings Odyssean Investment Trust
Pacific Assets Trust Phaunos Timber Fund
Polar Capital Global Financials Trust Polar Capital Global Healthcare Trust
Princess Private Equity Holding PXP Vietnam Fund
Rathbone Brothers RENN Universal Growth Investment Trust
Schroder AsiaPacific Fund Schroder Global Real Estate Securities
ScotGems Scottish Oriental Smaller Companies
Sealand Capital Galaxy Securities Trust of Scotland
Seneca Global Income & Growth Trust Sigma Capital Group
Standard Life Investments Property Income Trust Standard Life Private Equity Trust
Standard Life UK Smaller Companies Strategic Equity Capital
Taiwan Fund (The) Templeton Emerging Markets Investment Trust
Tetragon Financial Group The Biotech Growth Trust
The European Investment Trust The Global Sustainability Trust
The Law Debenture Corporation The Merchants Trust
The North American Income Trust The Scottish Investment Trust
Tiso Blackstar Group Toscafund Asset Management
TR European Growth Trust UK Commercial Property REIT
Vietnam Enterprise Investments Vietnam Holding Asset Management
Vietnam Infrastructure Fund VinaCapital Vietnam Opportunity Fund
VinaLand Vision Opportunity China Fund
Volta Finance WAM Active
WAM Capital WAM Research
Witan Investment Trust Witan Pacific Investment Trust
Worldwide Healthcare Trust YFM Equity Partners

Company news

Utilico: goodbye Bermuda, good riddance to big discount

Fri, 06 Apr 2018 09:40:37 GMT

UTILICO EMERGING MARKETS: Trust set to make monopoly money from Asian airports

Sat, 07 Apr 2018 20:55:09 GMT

Cheap trusts to back Brazil out of political crisis

Sun, 23 Jul 2017 23:02:28 GMT

Emerging markets — time for investors to look again?

Thu, 04 Aug 2016 03:56:15 GMT

Looking for safety? Consider these reliable dividend investment trusts

Sun, 08 Apr 2018 09:56:15 GMT

Investment summary

Utilico Emerging Markets Trust (UEM) is a specialist fund focusing on infrastructure and utility investment in emerging market equities. In April 2018, UEM completed its re-domicile from a Bermuda-based investment company to a UK-based investment trust, in order to benefit from the UK’s increasingly supportive regulatory and tax environment. There is no change to UEM’s investment approach or dividend policy. Also, following the final exercise of its subscription shares, UEM now has a simpler capital structure. The board believes that these changes have potential to improve investor perception and, over time, lead to a narrower discount.

Last updated on 17/09/2018

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
View website