Edison reviews Martin Currie Global Portfolio Tst
London, UK, 7 September 2016
Edison issues research review on Martin Currie Global Portfolio Trust (MNP)
Martin Currie Global Portfolio Trust (MNP) aims to outperform the total return of the benchmark FTSE World Index by investing in a portfolio of global, primarily large-cap equities with above-average growth potential and attractive valuations. A zero discount policy was adopted in 2013 to enhance liquidity and ensure that the share price trades close to net asset value. MNP has a progressive dividend policy; annual dividends have been increased or maintained since the trust's inception. The current dividend yield of 2.0% is above the peer group average.
Following the implementation of a zero discount policy, MNP's shares have traded close to net asset value. The current discount of 0.3% is in line with the average over the last 12 months. Dividends have grown at an annualised rate of 7.2% since launch, which is considerably higher than the average inflation rate over the period. The current dividend yield of 2.0% compares favourably with a selected group of peers in the AIC Global sector.
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