Mark Lebbell, Senior Analyst at UEM takes a look back at February's portfolio performance.
In February, Utilico Emerging Markets (UEM) saw its NAV total return increase by 0.8%, outperforming the MSCI Emerging Markets index.
Key events included:
- Trump's presidency and the release of a ChatGPT rival in China, which influenced market sentiment
- Chinese tech stocks surged, with the Hang Seng Index up 13.4%, while US markets declined
- European markets such as the FTSE 100 and Euro Stoxx 50 rose by 1.6% and 3.3%, respectively
- India's Sensex fell 5.6%, and the Jakarta Stock Exchange dropped 11.8%
UEM's portfolio saw mixed results, with notable gains from SUNeVision and Serena Energia, and declines from TAV and FPT
UEM reduced its debt by £7.2 million during February, ending the month for borrowings of £17.4 million and declared a quarterly interim dividend of 2.325p per share.
