Overview
Utilico Emerging Markets’ objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets, including (but not limited to) water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service companies, rail, roads, any business with essential service and/or monopolistic characteristics and in any new infrastructure or utilities which may arise in emerging markets. The Company may also invest in businesses which supply services to, or otherwise support, the infrastructure, utilities and related sectors.
Utilico Emerging Markets focuses on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa but has the flexibility to invest in markets world-wide. The Company generally seeks to invest in emerging market countries where the Directors believe that there are positive investment attributes such as political stability, economic development, an acceptable legal framework and an encouraging aptitude to foreign investment.
you can access the fund’s website here
Fundamentals
Price
Research History
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01 Mar 2024 1 min read
Interview with Charles Jillings from Utilico Emerging Markets
In this week’s show, Matthew Read spoke to Charles Jillings from Utilico Emerging Markets. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if you would […]
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jun 2018 1 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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25 Apr 2018 1 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 Dec 2016 1 min read
QuotedData’s round up of views on the global economy – December 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. december-economic-and-political-roundup
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13 Oct 2016 1 min read
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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25 Nov 2024 2 min read
QuotedData’s morning briefing 25 November 2024 – UEM, VNH, USF, AJOT, ESO, FAIR
In QuotedData’s morning briefing 25 November 2024: Utilico Emerging Markets (UEM) has published its interim report for the six months ended 30 September 2024, a period that continued to be challenging with elevated volatility in most markets as uncertainty has dominated. UEM experienced two key headwinds: the first was the revaluation of Petalite Limited (Petalite) and […]
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13 Mar 2024 1 min read
QuotedData’s morning briefing 13 March 2024 – AEIT, UEM, SSIT, SUPR, CREI
In QuotedData’s morning briefing 13 March 2024: Asian Energy Impact Trust (AEIT) has released its NAV for the period ending 31 December 2023. It reported a NAV per share of 48.5 cents per share, down from 50.4 cents as of 30 September 2023. This is represents a total NAV of $85.0m. NAV movements are attributed […]
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19 Jun 2023 2 min read
UEM posts positive growth against a more gloomy emerging markets
Utilico Emerging Markets (UEM) has released its annual results for its fincial year ending 31 March 2023. UEM reported a NAV total return of 2.1%, ahead of the -5.0% of the MSCI Emerging Markets Index. UEM’s performance is in large part due to the strong recovery it saw during the second half of its financial […]
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03 Feb 2023 6 min read
QD view – and now for something completely different
For me, one of the nice features of the investment companies’ sector is that the closed end structure of the funds contained therein can house some really interesting, and sometimes unique, investment propositions that are otherwise hard for the average investor to get exposure to. I often cite Herald Investment Trust, which is managed by […]
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23 Nov 2022 5 min read
QuotedData’s morning briefing 23 November 2022
In QuotedData’s morning briefing 23 November 2022: Worldwide Healthcare (WWH) has announced its interim results for the six months ended 30 September 2022. During the period, WWH provided an NAV total return of 3.1%, modestly outperforming its benchmark, the MSCI World Healthcare Index, which returned 2.1% during the period. In absolute terms, net asset value […]
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20 Jun 2022 1 min read
QuotedData’s morning briefing 20 June 2022
In QuotedData’s morning briefing 20 June 2022: Utilico Emerging Markets (UEM) has posted its final results for the year to 31 March 2022, during which time it delivered an NAV total return of 14.9% and a share price return of 17.6%, way ahead of the MSCI EM total return index which was down 6.9% over […]
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24 Nov 2021 3 min read
QuotedData’s morning briefing 24 November 2021
In QuotedData’s morning briefing 24 November 2021: Nippon Active Value (NAVF) has confirmed gross proceeds of £14m were raised from the recent issue of 10,021,432 new Ordinary Shares at 139.70 pence per share. This represents a 1.5% premium to the NAV per share at close of business on 22 November 2021. Shares will be issued […]
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21 Jun 2021 2 min read
Strong turnaround for Utilico Emerging Markets
Strong turnaround for Utilico Emerging Markets – Utilico Emerging Markets (UEM) has announced its full-year results for the year to 31 March 2021. During the year, the trust achieved a NAV total return per share of 30.2%, outperforming the MSCI Emerging Markets Utilities Index which was up by 17.2%, and a significant turnaround on last year’s […]
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25 Mar 2021 2 min read
QuotedData’s morning briefing 25 March 2021
In QuotedData’s morning briefing 25 March 2021: Tufton Oceanic Assets (SHIP) raised gross proceeds of US$14.7m by issuing 15m shares at 98 cents each. [It said that it was after $25m, so perhaps this was a little disappointing. That’s a surprise to us as shipping rates have been soaring.] The Renewables Infrastructure Group (TRIG) raised about […]
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22 Jan 2021 3 min read
QuotedData’s morning briefing 22 January 2021
In QuotedData’s morning briefing 22 January 2021: Utilico Emerging Markets (UEM) has made a statement in relation to US Executive Order 13959. This order, which was signed by Trump in the final days of his presidency, prohibits US Persons from purchasing publicly traded securities of 35 Chinese companies identified as Communist Chinese Military Companies. UEM has confirmed […]
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01 Aug 2019 1 min read
QuotedData’s other news 1 August 2019
In QuotedData’s other news 1 August 2019 GCP Student Living is planning to dip into its debt facilities to fund the acquisition of the 412-bed Scape Mile End Canalside. Its LTV ratio could move into the mid 30s per cent. level. Fidelity Japan was 7.6% ahead of its benchmark at the half-year stage (up 14.8%). The […]
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14 Jun 2019 2 min read
QuotedData’s other news 14 June 2019
In QuotedData’s other news 14 June 2019: Utilico Emerging Markets has published its annual report covering the year ended 31 March 2019. In a year where the MSCI Emerging Index delivered a zero return, the trust at least managed some positive performance, generating an NAV return of 3.5%. Shareholders also benefited from a narrowing discount. The […]
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14 Feb 2018 1 min read
UEM relocating to the UK
UEM relocating to the UK – Having announced on 21 November 2017 that it was considering options for a possible change in its domicile from Bermuda to the UK, the Board of Utilico Emerging Markets Limited (UEM) has decided that it would be in the Company’s best interests to re-domicile the Company to the United […]
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20 Sep 2017 1 min read
UIL lags benchmark
UIL lags benchmark – UIL achieved a NAV total return per ordinary share of 7.7% for the year to 30 June 2017, underperforming the All Share, which was up by 18.1%. The Board maintained total dividends at 7.50p. The chairman points out that the majority of the funds ‘platforms’ (the companies that it has established to make investments through) have […]
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19 Jun 2017 14 min read
Utilico Emerging lags rising global emerging index
Utilico Emerging lags rising global emerging index as shareholders trail MSCI return by 12.2%. Utilico Emerging has announced an NAV total return (adjusted for the exercise of subscription shares) of 26.2% for the full year to 31 March 2017. However, someone who just held the ordinary shares and no subscription shares would have made a […]
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17 Nov 2016 1 min read
Utilico Emerging Markets lags index
Utilico Emerging Markets Limited’s net asset value total return per ordinary share was positive at 13.3% in the six months to 30 September 2016, below the MSCI Emerging Markets Total Return Index’s positive 19.8%. Earnings per share of 5.10p comfortably cover the dividends of 3.25p in respect of this period. The cumulative retained revenue reserves […]
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20 Sep 2016 10 min read
UIL NAV soars
UIL achieved a NAV total return per ordinary share of 47.1% over the year to 30 June 2016, outperforming the FTSE All Share Total Return Index by an impressive 44.9%. The Board maintained total dividends at 7.50p per share which represents a yield on the closing share price of 130.75p of 5.7%. Looking forward the […]
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22 Jun 2016 15 min read
Utilico Emerging’s portfolio beats benchmark by big margin
Utilico Emerging Markets recovered nearly all the losses it suffered in the first six months of the financial year and ended the year to 31 March 2016 almost unchanged at 202.52p. Based on a total return to an ordinary shareholder who received one subscription share for every five shares held, the total return on basic […]
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25 Jun 2015 1 min read
Utilico Emerging doubles its money on MyEG
Utilico Emerging Markets has announced results for the year that ended on 31 March 2015. Over this period he fund produced a total return on net assets of 12.2%. This is marginally less than the 13.2% return generated on the MSCI Emerging Markets Index. The dividend was maintained at 6.1p. The manager’s report analyses the […]
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19 Feb 2015 1 min read
Utilico commodity hit offset by unlisted holdings
Utilico Investments has published its interim report covering the final six months of 2014. Over that period the total return on net assets was -2.0% which compares to a return of -0.4% on the FTSE All-Share Index. Within the listed portfolio, Zeta Resources and Resolute Mining fell by 35.2% and 59.0% respectively. This reduced Utilico’s listed portfolio value […]
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16 Sep 2014 1 min read
Utilico on track to repay zeros
UTL : Utilico on track to repay zeros Utilico Investments results for the year to 30 June 2014 show the fund generating a total return per share of 18.1%. This compares to 13.1% for the FTSE All-Share Index over the same period. The Board has decided to reduce the fund’s gearing by cutting the overall […]
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24 Jun 2014 1 min read
Utilico Emerging Markets : UEM – results
Utilico Emerging Markets has announced its results covering the year that ended 31 March 2014. The net asset value fell over the period but outperformed the MSCI Emerging Markets total Return Index (which fell by 9.6% vs. UEM’s fall of 3.4%). They say Sterling strength took 14.2% off their performance for the year. Revenue declined […]
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25 Apr 2014 1 min read
Utilico Emerging Markets : UEM – abandons debt plans
Utilico Emerging Markets has consulted shareholders and decided not to proceed with its plan to issue long term debt and hold a continuation vote. It has instead extended a £50m bank borrowing facility it has with Scotiabank until April 2016.
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11 Apr 2014 1 min read
Utilico Emerging Markets : UEM – funding and the future
Utilico Emerging Markets is considering putting long-term finance in place with the aim of securing fixed rate funding at an attractive rate. Before it does so it wants to make sure that shareholders are happy with the idea and therefore is proposing to hold a continuation vote now and get shareholders to agree that the […]
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17 Mar 2014 1 min read
Utilico Emerging Markets : UEM – fee change
The Board of Utilico Emerging Markets has agreed a number of changes to the management fee. The base fee is being amended to 0.65% of net assets from 0.5% of gross assets less current liabilities. Utilico Emerging Markets has gearing of about £20m at the moment on net assets of £412m so this translates into an […]
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20 Feb 2014 1 min read
Utilico Investments : UTL – interim report
Utilico Investments figures for the six months ended 31 December 2013 show an uplift of 4.1% in its NAV, behind the return on the FTSE All-Share (+11.4%). Utilico say the main problem was adverse movements in exchange rates – this cost them 10.9%. Revenue fell too but UTL reckon they are comfortable paying an uncovered […]
Upcoming Events
Videos
In The Press
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29 May 2024 1 min read
Will ‘activist investors’ turn these trusts around?
by Dave Baxter, Investors’ Chronicle, May 29, 2024: When Elliott Investment Management cut its stake in Scottish Mortgage (SMT) below 5 per cent earlier this month, it’s likely to have prompted a sigh of relief from the trust’s board.. The case for activists Activists are not always a helpful presence for other shareholders given that […]
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03 Oct 2022 1 min read
Terry Smith is dubbed Britain’s Warren Buffett but as even he winds up his trust… should YOU steer clear of emerging markets too or is it time to buy?
By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY, 2 October 2022: Making money from emerging markets is not easy. Even veteran investor Terry Smith, hailed as Britain’s Warren Buffett, has announced he is winding up his fund that operates in the region, because it has ‘underperformed expectations’… But these fund disappointments do not mean that emerging […]
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22 Feb 2022 1 min read
Bargain Hunter: 10 trusts that have moved from premiums to discounts
These trusts have seen their premiums vanish since the start of the year as growth shares lost ground. Kyle Caldwell from interactive investor 17th February 2022: Given all the volatility in the first six weeks of 2022, a surprising statistic is that the number of equity investment trusts trading on a premium to their net […]
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03 Dec 2020 2 min read
Investment trust insider on emerging markets
Investment trust insider on emerging markets – James Carthew: Who to back in the emerging markets rally? The good news that we have had over the past few weeks on the US election and vaccines to tackle Covid-19 have helped drive a recovery in emerging markets investment trusts. Shares in JPMorgan Emerging Markets (JMG), Mobius (MMIT) […]
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30 Jun 2020 1 min read
Global income in a lost decade for UK dividends
Global income in a lost decade for UK dividends by Jennifer Hill Investment Trust Insider ezine, issue 54, June 2020 Bear markets for dividends are a rarity. There have only been six in the past 149 years compared to 16 for total stock market returns, according to an analysis by Schroders that uses the S&P […]
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30 May 2019 1 min read
Investment Trust Insider on Utilico Emerging Markets
Investment Trust Insider on Utilico Emerging Markets – James Carthew: emerging markets with utilities twist Utilico Emerging Markets (UEM) was launched in 2005 as a sister fund to Utilico Limited (UIL). Utilico had been making investments in utilities for some time and the manager could see a role for a fund dedicated to the sector in […]
