Utilico Emerging Markets Share Discussion Threads

[vacendak] 19/2/2019 16:14

Charles Jillings runs the show at UEM.


He is also in the video on the homepage:

[pyufak] 18/2/2019 20:39

quick hi from me,

traded this one around a few years back and now coming back in for the longer term. A little disappointed liquidity hasn't improved in the time I was away but I guess it is EM. Doesn't feel the best entry but hopefully can work it a bit better if we get any risk off in coming months. I agree with commentary above, income producing, solid asset portfolio for the long term. Going into the foundation holdings.

[davebowler] 17/2/2019 19:15

HTtps://www.thisismoney.co.uk/money/investing/article-6712339/You-cash-growth-emerging-markets-buy-British.html

[vacendak] 13/2/2019 19:17

@EJ
Are you Charles Jillings in disguise? :)
This is his spiel and what UEM says on the the tin.

I agree with the statement by the way, which is why I have some money here too.

[vacendak] 13/2/2019 14:26

Two articles, I got tipped by the ICM newsletter.

Both are behind a pay-wall though:

[jonwig] 12/2/2019 16:37

FT:

Investors reversed recent tactics and jostled each other to back a rise in emerging market securities as sentiment improved markedly following a grim performance for the asset class last year.

The most crowded trade this month was “long” emerging markets, a Bank of America Merrill Lynch survey of 218 investors who manage a total of $625bn found. It was the first time since the poll began that “long EM” held this designation.

The shift marked a “major reversal” from short EM as the number three crowded trade last month, the investment bank said.
More:

[davebowler] 04/2/2019 12:09

Emerging markets is where to put your money in 2019, says Morgan Stanley:


Stocks in emerging markets have had a rough year but are tipped for a turnaround, according to Morgan Stanley, which predicts stable growth in those economies in 2019.

The investment bank has upgraded emerging market stocks from “underweight” to “overweight221; for the new year, while US equities were downgraded to “underweight.”

“We think the bear market is mostly complete for EM (emerging markets),” the bank said in its Global Strategy Outlook report for 2019, adding: “We are taking larger relative positions and adding to EM.”

Many investors withdrew from emerging markets throughout 2018 and bought more assets in the US due to a spike in bond yields. That will change, says Morgan Stanley, explaining that emerging markets will outperform developed markets.

Within the emerging markets space, Morgan Stanley’s key “overweight221; countries are Brazil, Thailand, Indonesia, India, Peru and Poland. The bank classes Mexico, the Philippines, Colombia, Greece and the United Arab Emirates as “underweight.”

Growth across EM has been forecast to slow slightly from 4.8 percent to 4.7 percent in 2019, before inching back up to 4.8 percent in 2020. US growth will moderate from the 2.9 percent estimates to 2.3 percent in 2019 and 1.9 percent in 2020, Morgan Stanley said.

“A major challenge for US assets next year is that they’re ‘boxed in’ – better-than-expected growth will simply mean more Fed tightening, while weaker-than-expected growth will raise slowdown risks, with limited scope for policy support,” its strategists wrote. “In a major change from the last 10 years, both good news and bad news creates problems for US markets.”

[vacendak] 01/2/2019 09:34

Yep.

In the same ICM stable, UIL Ltd (UTL) is perking up too at least as far as the NAV is concerned.

[davebowler] 01/2/2019 08:59

Quite a recovery in the share price!

[vacendak] 25/1/2019 19:46

@dave
An EM fund flagged as "income", always funny, even if it is indeed the case here.
A yield of 3.6% is not to be sniffed at.

[davebowler] 25/1/2019 18:45

htTPs://www.ii.co.uk/analysis-commentary/value-funds-and-trusts-tipped-deliver-2019-ii507574?utm_source=IBMW&utm_medium=email&utm_campaign=ii_afternoon_newsletter_250119&utm_content=&spMailingID=5026494&spUserID=MTIxNjc2Mzk1NDM1S0&spJobID=1192238602&spReportId=MTE5MjIzODYwMgS2

[vacendak] 24/1/2019 11:46

I had also noticed the NAV near imperceptibly, but steadily going-up again over the past few weeks or so.
This could be the Brazil effect. They now have a new president who is definitely pro-business.
The ICM people (running UEM) made the right call by switching the focus to Brazil around a year and a half ago - I have just looked at my factsheet archive.
I also like the fact that they are currently ungeared, according to the December factsheet.

In general, UEM is pretty good over the long term, I mean actual long term, like ten-years, not "long-term as in next week". :)
You seem to have got in on the way back-up, so this should be good for the morale.