We have established UIL as a broader based investor, and have sponsored the creation of several investment platforms which have allowed UIL to benefit from a sharper focus and in-depth knowledge of segments of the market.

Utilico Emerging Markets Trust plc was the first UIL sponsored platform. UIL has supported the formation of Somers Limited (financial services); Zeta Resources Limited (commodities); and Bermuda First Investment Company Limited (Bermuda centric assets). In addition, UIL has established a strong track record of investing in the FinTech space, creating the Allectus Technology platform to capitalise on this position. These platforms continue to make pleasing progress.

Top 10 Holdings as at 31 August 2019

Click on a company name to visit their website.

No Company Country of domicile Sector Gross assets
1 Somers Limited Bermuda
Financial services
22.4%

A financial services investment platform, which primarily invests in the banking, wealth management and asset financing sectors.

2 Utilico Emerging Markets Trust plc United Kingdom
Investment company
15.6%

A UK closed-end investment trust dedicated to investments in infrastructure, utility and related sectors in the emerging markets.

3 Resolute Mining Limited Australia
Gold mining company
15.0%

A gold mining and exploration company with three operating mines in Africa and Australia: the Syama mine in southern Mali; the Ravenswood mine in northeast Australia; and the recently acquired Mako mine in Senegal. In addition, the company owns the Bibiani gold mining project in Ghana.

4 Zeta Resources Limited Bermuda
Resource investment company
9.7%

A resources-focused investment holding and development company, which invests in a range of resource entities, including those focused on nickel, gold, copper, oil & gas, bauxite, graphite and base metals exploration and production.

5 Optal Limited Australia
Technology company
8.1%

A developer of global payment systems which focuses primarily on the travel industry and is a long-term strategic partner of MasterCard.

6 Afterpay Touch Group Limited Australia
Electronic payment services
6.6%

An Australian financial technology company operating in the US, UK, Australia and New Zealand. Afterpay and Touchcorp merged in June 2017 to form Afterpay Touch Group. Since the merger, Afterpay Touch Group has emerged as a leader in the "buy now pay later" industry.

7 Bermuda First Investment Company Limited Bermuda
Investment company
4.5%

A Bermuda exempted investment holding company that has a number of significant investments in Bermuda local companies and its major investment include Ascendant Group Limited.

8 One Communications Limited Bermuda
Telecommunications company
4.4%

A telecommunication holding company listed on the Bermuda Stock Exchange. Its subsidiary companies specialise in cellular voice, high-speed internet, subscription television and data solutions for both residential and corporate customers.

9 Allectus Capital Limited Bermuda
Technology fund
3.8%

An investment company with a value focused technology portfolio of listed and unlisted companies. Allectus was formed to invest in, and partner with, potentially disruptive businesses in the technology sector. Allectus is owned by ICM and UIL Limited.

10 Vix Tech Pte Ltd Australia
Automated fare collection systems
1.8%

Designs, supplies and operates automated fare collection systems, intelligent transportation systems and passenger information display systems for the public transit industry.