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ii Super 60 - Utilico Emerging Markets IT

ii Super 60 investments

ii Super 60 investments:
Utilico Emerging Markets IT

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Formal review concluded. This Super 60 Fund is retained. Find out more

Asset Group Asset Sub-Group Investment Category
Equities Emerging Markets Income

Selection rationale:
Investors could consider this strategy as an option to gain exposure to the infrastructure theme and still receive progressive income. Although its main aim is to produce a good total return, it pays a quarterly income. Its yield is currently 4.4%.

Charles Jillings leads the management team. He believes the infrastructure sector is far more dynamic and less mundane than people realise. His investment universe is companies and sectors displaying the characteristics of essential services or monopolies – such as utilities, transport infrastructure, communications and companies with a unique product or market position – which gives it considerable defensive qualities. In selecting stocks, he aims to identify companies where underlying value and growth prospects are not reflected in the share price.

The trust focuses on underdeveloped and developing markets of Asia, Latin America, emerging Europe and Africa. It has the flexibility to invest in markets worldwide and favours countries with political stability, economic development, an acceptable legal framework and an encouraging attitude to foreign investment. 

October 2020

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Under formal review Under Formal Review

In line with our stated methodology, Utilico Emerging Markets Investment Trust was put under formal review on 5 August 2020 due to performance concerns.

Our formal review included performance and risk analysis, portfolio positioning and robustness of the investment process. We have also been actively communicating with the manager on various additional aspects including the shape of the capital reserves, stability of the prospective yield and discount management. Our findings led us to the conclusion that the trust has clearly managed to provide capital protection features over the long term, while offering one of the most attractive yields in the sector. Following the market shock earlier this year, the trust continues its recovery and has significantly improved its short-term return profile, while long-term numbers remain strong. Last but not least, the managers were very open and transparent in discussing major performance detractors and their outlook for the trust has provided all the information we required to retain our conviction. Therefore, we decided to maintain our rating and remove the trust from under formal review.

(30 October 2020)

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.