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Utilico Emerging Markets Trust plc Releases Monthly Factsheet

2024-05-10 12:55:53.975000

Utilico Emerging Markets Trust plc (UEM) has released its latest monthly factsheet, providing an overview of the company's performance in April. The factsheet reveals that UEM's net asset value (NAV) total return decreased marginally by 0.1% in April, underperforming the MSCI Emerging Markets total return Index, which was up by 1.4% in Sterling terms. The US market faced challenges due to higher-than-expected inflationary data, while the UK and European markets reported lower-than-expected inflation numbers. Emerging markets showed mixed performance, with Turkey and Argentina outperforming, and Vietnam and Brazil experiencing declines. UEM's top thirty holdings remained unchanged, and the company saw strong financial results from several investee companies. UEM's debt remained at zero, and the company is currently in discussions regarding a replacement revolving facility. UEM's share price ended April at 226.00p, with the discount narrowing to 17.5% from 19.3%. [73f9da11]

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