Utilico Emerging Markets Trust - October Factsheet

Jacqueline Broers, Deputy Portfolio Manager of UEM, looks back at October's portfolio performance.

Utilico Emerging Markets (UEM) saw a marginal decrease in NAV total return, aligning with the MSCI Emerging Markets Index.

The US dollar appreciated against major currencies, including a 4.3% rise against Sterling.

Asian markets were mixed, with China and India experiencing significant declines, while Thailand bucked the trend with a 1.2% gain.

In Latin America, Brazil's Bovespa index fell, but Argentina and Colombia saw positive growth.

UEM's portfolio performance varied, with notable changes in share prices and a widened discount to NAV.

The portfolio saw a single change, replacing JSL with Terna Energy. UEM continued share buybacks, and detailed updates are available in the October Factsheet.