Utilico Emerging Markets Trust has promoted Jacqueline Broers (pictured) to joint portfolio manager.
Having been deputy portfolio manager of the £398m trust since 2021, she will manage the trust alongside fellow portfolio manager Charles Jillings.
Broers first joined ICM, the trust’s investment manager, in 2010.
The trust invests across emerging markets in companies that offer essential services or monopolies such as utilities, transportation infrastructure and communications, or companies with a unique product or market position.
Utilico Emerging Markets currently trades at a 17.44% discount, according to the AIC. Over three years, it has returned 13.3%, while the average AIC Global Emerging Markets trust was down 4.3%.
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