Edison issues review on Martin Currie Global

London, UK, 1 July 2022

Edison issues review on Martin Currie Global Portfolio Trust (MNP)

Martin Currie Global Portfolio Trust (MNP) has experienced a tough six-month period of relative performance at a time when value rather than growth stocks have been favoured by investors. The trust's manager, Zehrid Osmani, has stayed true to his strategy of investing in high-quality companies with long-term growth potential, aiming to generate above-market returns over a rolling five-year period. He says that this approach has compounded investors' wealth over the long term, and that 'all it takes is a few quarters of positive earnings growth during a period of negative earnings revisions, and MNP should once again outperform'. He states that 'valuation discipline is critical, but even more so now in an environment of rising interest rates'. The trust's portfolio turnover remains low as the manager is not panicking or trying to chase performance.

MNP's board employs a zero-discount policy aiming to ensure that, in normal market conditions, the trust's shares trade close to NAV. Its 2.5% discount to cum-income NAV compares with a 0.0% to a 0.9% range of average discounts over the last one, three, five and 10 years. MNP has considerable reserves that can be drawn down, when necessary, to enable stable annual dividend payments.

Click here to view the full report or here to sign up to receive research as it is published.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner +44 (0)20 3077 5720 investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn https://www.linkedin.com/company/edison-group-/

Twitter www.twitter.com/Edison_Inv_Res

YouTube www.youtube.com/edisonitv