RCS - Utilico Emerging Mkt - Edison review on Utilico Emerging Markets Trust

Utilico Emerging Markets TrustAnnouncement

18/08/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220818:nRSR3721Wa&default-theme=true

RNS Number : 3721W  Utilico Emerging Markets Trust PLC  18 August 2022

London, UK, 18 August 2022

Edison issues review on Utilico Emerging Markets Trust (UEM)

Utilico Emerging Markets Trust (UEM) is managed by Charles Jillings at
value-focused investment firm ICM Group. He says that the trust's high-
conviction, differentiated portfolio offers exposure to attractive long-term
investment opportunities. More than 95% of the fund is invested in operational
assets, and greater than 90% is held in listed securities. UEM's portfolio
companies have long-term assets and most of them have established regulatory
frameworks. The manager stresses the importance of site visits and meeting
with local employees to gain a deeper understanding of investee companies and
the quality of their management teams. UEM's dividend is more than fully
covered by portfolio income and the trust offers an attractive 3.7% yield.

 

Given UEM's portfolio of high-quality assets and long-term record of
outperformance, one could argue that the trust warrants a higher valuation.
Its 14.1% discount is towards the wider end of the 9.0% to 15.1% range of
discounts over the last 12 months. Over the last one, three and five years,
UEM's average discounts are in a range of 12.4% to 12.6%.

Click here
(https://www.edisongroup.com/publication/differentiated-undervalued-cash-generative-assets/31230/?utm_campaign=RNSreach%20Press%20Releases&utm_source=RNSreach&utm_medium=Press%20Release)
to view the full report or here
(https://share.hsforms.com/11EJiylWSQkawuWATZOJojw3k1vq) to sign up to receive
research as it is published.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100
analysts covering every economic sector. Headquartered in London, Edison also
has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in
Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn        www.linkedin.com/company/edison-group-/
(http://www.linkedin.com/company/edison-group-/)

Twitter           www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube       www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAZZGMRDNKGZZM