Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust.
Investment Objective - H2
UIL Limited ("UIL") is an exempted closed-end Bermuda incorporated investment company, established as a successor company to Utilico Investment Trust plc. Trading in UIL's shares commenced on 20 June 2007.
Investment Policy - H3
UEM's investment policy is flexible. It can make investments predominantly in infrastructure, utility and related sectors, mainly in emerging markets, including (but not limited to) water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service companies, rail, roads, any business with essential service and/or monopolistic characteristics and in any new infrastructure or utility which may arise mainly in emerging markets. UEM may also invest in businesses which supply services to, or otherwise support, the infrastructure, utilities and related sectors.
Sub title - H4
UEM focuses on the under-developed and developing markets of Asia, Latin America, Emerging Europe and Africa but has the flexibility to invest in markets world-wide. UEM generally seeks to invest in emerging market countries where the Directors believe that there are attributes such as political stability, economic development, an acceptable legal framework and an encouraging attitude to foreign investment.
UEM has the flexibility to invest in shares, bonds, convertibles and other types of securities including non-investment grade bonds, and to invest in unlisted securities. UEM may also use derivative instruments such as American Depositary Receipts, promissory notes, contracts for difference, financial futures, call and put options and warrants for investment purposes and efficient portfolio management. UEM may from time to time actively seek to protect UEM’s portfolio and balance sheet from major corrections. This would include foreign currency hedges, interest rate hedges, stock market index put and call options and similar instruments.
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