Utilico Emerging Markets

Utilico Emerging Markets Trust plc (LSE: UEM) is a large British investment trust dedicated to investments in infrastructure, utility and related sectors in the emerging markets.[1] Established in 2005, Utilico Emerging Markets Trust ('UEM') is a listed on the London Stock Exchange. The Chairman is John Rennocks.[2]

Utilico Emerging Markets Trust logo

UEM investments focuses predominantly on the emerging markets of Asia, Latin America, Emerging Europe and Africa. UEM is managed by ICM Limited and ICM Investment Management Limited, which is authorised and regulated by the Financial Conduct Authority.

Portfolio Summary

Top 10 holdings as at 30 June 2021:[3]

Company Name Country Sector Gross Assets
International Container Terminal Services Inc The Philippines Ports operator and provider of shipping services 5.9%
Ocean Wilsons Holdings Limited Brazil Ports operator and provider of shipping services 3.9%
Gurjarat State Petronet Limited India Gas transmission 3.6%
Alupar Investimento S.A. Brazil Electricity generation and transmission 3.1%
Simpar S.A. Brazil Logistics and transportation 3.0%
India Grid Trust India Infrastructure company 3.0%
Rumo S.A. Brazil Rail based logistics operator 2.6%
My E.G. Services Bhd Malaysia Payments technology 2.3%
China Everbright Greentech Limited China Biomass integrated utilisation and waste treatment 2.2%
Corporacion Financiera Colombiana S.A. Colombia Infrastructure company 2.1%

Directors
  • John Rennocks - Chairman of Utilico Emerging Markets Trust plc, Chairman of Bluefield Solar Income Fund Limited[4] and Chairman of AFC Energy plc.[5]
  • Garth Milne - Deputy Chairman of Utilico Emerging Markets Trust plc, and a Director of Invesco Perpetual UK Smaller Companies Investment Trust plc.[6]
  • Susan Hansen – Director of Resimac Group Limited,[7] and Cognition Education Group.[8]
  • Eric Stobart - Chairman of Lloyds Superannuation Fund and Capita Managing Agency and a Director of BlackRock Throgmorton Trust[9]
  • Anthony Muh - Director of H.R.L. Morrison & Co[10] and Chairman of JIDA Capital Partners Limited,[11] Vice Chairman and council member of Asia Corporate Governance Association.[12] He was previously Chairman of the Hong Kong Securities and Investment Institute.[13]

Awards

UEM has won a number of awards, including:

  • 2020 Money Observer Rated Fund
  • 2016 Money Observer Trust Awards - Highly Commended, Best Emerging Market Trust[14]
  • 2015 Moneywise Investment Trust Awards - Winner, Global Emerging Markets[15]
  • 2014 Moneywise Investment Trust Awards - Winner, Global Emerging Markets[16]

References
  1. Utilico Emerging Markets offers capital growth and income Investors Chronicle
  2. "Utilico Emerging Markets Ltd". Financial Times Markets. Financial Times. Retrieved 4 April 2017.
  3. "June 2021 UEM Factsheet". Utilico Emerging Markets Trust. Retrieved 19 August 2021.
  4. "Bluefield Solar Income Fund Board of Directors". www.bluefieldsif.com. Retrieved 15 September 2017.
  5. "AFC Energy Board of Directors". Retrieved 15 September 2017.
  6. "Invesco Perpetual Board of Directors". www.invescoperpetual.co.uk.
  7. "Homeloans Limited Board of Directors". www.homeloans.com.au.
  8. "Cognition Education Group Board of Directors". cognitioneducation.com.
  9. "Eric Stobart". LSF Pensions. Retrieved 28 February 2020.
  10. "HRL Morrison Board of Directors". hrlmorrison.com.
  11. "JIDA Capital Investment Team". jidacapital.com.
  12. "ACGA Council". www.acga-asia.org.
  13. "HKSI Press Release". www.hksi.org.
  14. "Investment Trust Awards 2016". www.moneyobserver.com.
  15. "Moneywise Investment Trust Awards 2015". www.moneywise.co.uk.
  16. "The Moneywise Investment Trust Awards 2014". www.moneywise.co.uk.
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