Utilico Emerging Markets Ltd
Rated Fund 2014-2018. Provides exposure to emerging market infrastructure
Utilico Emerging Markets won Money Observer's Best Emerging Markets Trust award in 2013 and was highly commended from 2014 to 2016. The trust underperformed peers during 2017, but has retained its Rated Fund status because it offers a lower-risk way to gain exposure to infrastructure and pays a progressive dividend.Although its main aim is to produce a good total return, one of its attractions is that it pays a quarterly income and has a yield of 3 per cent. It invests predominantly in listed companies involved in infrastructure, utility and related sectors operating in emerging markets. This gives it considerable defensive qualities.Charles Jillings leads the management team. Their investment universe is companies and sectors displaying the characteristics of essential services or monopolies, such as utilities, transportation infrastructure, communications or companies with a unique product or market position. In selecting stocks, they aim to identify companies where underlying value and growth prospects are not reflected in the share price.The trust focuses on both underdeveloped and developing markets of Asia, Latin America, emerging Europe and Africa. However, it has the flexibility to invest in markets worldwide, providing the managers believe that the country has attributes such as political stability, economic development, an acceptable legal framework and an encouraging attitude to foreign investment.At the end of 2017, its largest sector allocations were electricity and gas, which collectively accounted for more than 40 per cent of assets.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|International Container Terminal Services Inc||4.38 %|
|Ocean Wilsons Holdings Ltd||4.02 %|
|Alupar Investimento SA||3.31 %|
|Transgaz S.A. (Romania)||3.27 %|
|Bolsas Y Mercados Argentinos SA||3.13 %|
|Yuexiu Transport Infrastructure Ltd||3.11 %|
|Companhia De Gas De Sao Paulo-Comgas||2.77 %|
|Energisa SA||2.65 %|
|Conpet SA||2.57 %|
|Malaysia Airports Holdings Bhd||2.54 %|
|Latin America||58.91 %|
|Asia - Emerging||35.75 %|
|Europe - Emerging||5.35 %|
|Financial Services||6.91 %|
Data provided by Morningstar.
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