Edison issues review on Martin Currie Global

RNS Number : 5083M

Martin Currie Global Portfolio Tst

21 January 2021

 

London, UK, 21 January 2021

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

Martin Currie Global Portfolio Trust's (MNP's) manager Zehrid Osmani reports that his ongoing focus on long-term structural, sustainable business models was beneficial for the fund's performance during the coronavirus-led market sell-off in Q120, with portfolio companies undertaking measures to protect their brand equity. He is encouraged by a general increase in investor awareness of environmental, social and governance (ESG) issues, an area of research that Martin Currie has focused on for several years, as he believes that ESG improvements can lead to higher total returns for shareholders. MNP's performance has improved since the appointment of Osmani in October 2018, and its NAV is now ahead of its benchmark over the last one, three, five and 10 years.

MNP's zero-discount policy ensures that, in normal market conditions, its shares trade close to NAV. They are currently trading at a 1.4% premium to cum-income NAV, which compares to a 0.3% to 0.5% range of average discounts over the last one, three and five years. 

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