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) and Zeta Resources Limited (commodities). 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 July 2022

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No Company Country of domicile Sector Gross assets
1 Somers Limited Bermuda
Financial services
38.6%

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
14.5%

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

3 Zeta Resources Limited Bermuda
Resource investment company
12.6%

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

4 ICM Mobility Group Limited United Kingdom
Payments Technology
12.4%

A UK holding company focused on the mobility sector for private and public transport, and invests in businesses shaping the digital transformation of the mobility sector.

5 Allectus Capital Limited Bermuda
Technology fund
6.2%

A technology investment platform with a value-focused portfolio of listed and unlisted technology companies. Allectus is owned by Vix Limited and UIL Limited, and managed by ICM Limited.

6 Resolute Mining Limited Australia
Gold mining company
2.9%

A gold mining and exploration company with more than 30 years of experience as an explorer, developer and operator of gold mines in Africa. Resolute is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal and Guinea.

 

7 Resimac Group Limited Australia
Financial services
2.6%

A leading alternative lender for residential mortgages and asset finance in Australia and New Zealand, with a broad suite of competitive, award-winning products that cater to diverse customer types and needs.

8 Panoramic Resources Limited Australia
Mining company
1.6%

A base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects.

9 AssetCo plc United Kingdom
Asset and Wealth Management
1.2%

AssetCo is primarily involved in acquiring, managing and operating asset and wealth management activities and interests, together with other related services.

10 Carebook Technologies Inc Canada
Technology
1.1%

A Canadian healthcare softwarecompany providing digital health solutions and virtual care for pharmacies, insurance providers, governments and businesses.