Edison reviews Martin Currie Global Portfolio Trst

RNS Number : 0361X

Martin Currie Global Portfolio Tst

16 December 2019

 

London, UK, 16 December 2019

Edison reviews Martin Currie Global Portfolio Trust (MNP)

Martin Currie Global Portfolio Trust (MNP) has been managed by Zehrid Osmani since 1 October 2018. He has refined the investment process, taking fundamental analysis deeper, aiming to enhance stock selection and the trust's returns, and says that advanced risk analytics enable the portfolio to be managed in a more accurate way. The manager aims to build a high-conviction, but diversified fund of quality stocks in terms of superior top-line, profit and free cash flow growth, with high returns on capital, and room for further improvement. Whatever the market environment, Osmani is confident on MNP's prospects versus the benchmark on a five-year view.

MNP employs a zero discount policy, which has proved effective: over the last one to five years, the trust has traded at average discounts in a range of 0.2% to 0.6%. Its current 1.2% share price discount to cum-income NAV compares to a range of a 3.1% premium to a 2.6% discount over the last 12 months. MNP has a progressive dividend policy; since launch in March 1999 the annual distribution has compounded at a rate of 5.9% pa (the trust's current dividend yield is 1.4%). 

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