MARTIN CURRIE GLOBAL PORTFOLIO TRUST PLC London, UK, 17 July 2019
Edison reviews Martin Currie Global Portfolio Trust (MNP)
Martin Currie Global Portfolio Trust's (MNP) investment performance has improved considerably following the appointment of Zehrid Osmani as lead manager on 1 October 2018. However, he remains vigilant, continuing to seek long-term, attractive investment opportunities. The trust's more concentrated portfolio contains the manager's highest-conviction ideas, and is constructed without reference to the FTSE World index benchmark. Part of the in-depth fundamental research process involves focusing on three long-term megatrends: the future of technology, demographic change and resource scarcity. MNP is a member of the large AIC Global sector; while the peers follow different mandates, the trust's pure equity, fundamental investment approach has proved successful and MNP is ranked second out of 16 funds over the last 12 months.
There has been increased demand for MNP's shares, arguably because of a marked improvement in the trust's investment performance, which has led the board to resume issuing shares for the first time since FY16. The trust is currently trading at a 1.3% premium to cum-income NAV, compared with a 0.6% average discount over the last one, three and five years. MNP currently offers a 1.4% dividend yield.
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Martin Currie Global Portfolio Trust plc published this content on 17 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2019 15:19:08 UTC
