Utilico Emerging Markets Trust (UEM) is managed by Charles Jillings at specialist investment firm ICM Group. He reports that ‘operationally, portfolio companies are delivering results above expectations, helped by lower cost bases and higher margins’. However, the manager suggests there is hidden value in UEM’s portfolio as company valuations are lagging the improvement in their fundamentals. Jillings is encouraged that the trust is continuing to pay regular quarterly dividends, which remained f ....
24 Mar 2021
Utilico Emerging Markets Trust - Strong underlying portfolio performance
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Utilico Emerging Markets Trust - Strong underlying portfolio performance
Utilico Emerging Markets Trust PLC GBP (UEM:LON) | 226 7.9 1.6% | Mkt Cap: 431.3m
- Published:
24 Mar 2021 -
Author:
Mel Jenner -
Pages:
11
Utilico Emerging Markets Trust (UEM) is managed by Charles Jillings at specialist investment firm ICM Group. He reports that ‘operationally, portfolio companies are delivering results above expectations, helped by lower cost bases and higher margins’. However, the manager suggests there is hidden value in UEM’s portfolio as company valuations are lagging the improvement in their fundamentals. Jillings is encouraged that the trust is continuing to pay regular quarterly dividends, which remained f ....