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 December 2019
Click on a company name to visit their website.
| No | Company | Country of domicile | Sector | Gross assets | |
|---|---|---|---|---|---|
| 1 | Somers Limited | Bermuda |
Financial services |
23.1% | |
|
A financial services investment platform, which primarily invests in the banking, wealth management and asset financing sectors. |
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| 2 | Utilico Emerging Markets Trust plc | United Kingdom |
Investment company |
16.4% | |
|
A UK closed-end investment trust dedicated to investments in infrastructure, utility and related sectors in the emerging markets. |
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| 3 | Zeta Resources Limited | Bermuda |
Resource investment company |
13.6% | |
|
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. |
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| 4 | Resolute Mining Limited | Australia |
Gold mining company |
11.7% | |
|
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. |
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| 5 | Optal Limited | Australia |
Technology company |
7.3% | |
|
A developer of global payment systems which focuses primarily on the travel industry and is a long-term strategic partner of MasterCard. |
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| 6 | Ascendant Group Limited | Bermuda |
Electricity company |
4.6% | |
|
A Bermuda-based, publicly traded provider of energy and energy-related services. Ascendant Group Limited is the parent company of Bermuda Electric Light Company Limited (BELCO) and AG Holdings Limited, which includes AIRCARE Limited, iFM Limited, iEPC Limited, Ascendant Properties Limited. |
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| 7 | One Communications Limited | Bermuda |
Telecommunications company |
4.3% | |
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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. |
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| 8 | Allectus Capital Limited | Bermuda |
Technology fund |
4.2% | |
|
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. |
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| 9 | Vix Tech Pte Ltd | Australia |
Automated fare collection systems |
2.3% | |
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Designs, supplies and operates automated fare collection systems, intelligent transportation systems and passenger information display systems for the public transit industry. |
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| 10 | Afterpay Limited | Australia |
Electronic payment services |
2.1% | |
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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. |
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