Post by Fletchsmile on Oct 30, 2017 22:27:21 GMT 7
I think UEM is worth a place and a small holding. It's not just an infrastructure sector play but also a utilities and EM play.
I have a small holding myself within my investment trust portfolio, which was designed to generate dividend income for me and in somewhat hands off way of just let the portfolio run and collect the divs without much other effort. Bloomberg's description is a decent one in that it covers utilities as well as infrastructure, with an EM focus, making it a little different from the average infrastructure sector fund you come across.
I like the diversification it brings, as well as the EM exposure. The dividend is reasonable and consistent too at around 3%. This results from most of its investments being cash generative.
A couple of highlights/ quotes from the company overview
I'd consider that to be quite focused/concentrated on 3 EMs to be honest. But if considered as part of the much bigger portfolio Ludacris is creating, would say it holds true
www.uem.limited/
factsheet
www.uem.limited/files/5915/0772/6895/UEM_Factsheet_September_2017.pdf
Ludacris probably isn't that bothered about the dividend aspect. But the exposure to infrastructure helps diversification, and the utilities and EM exposure adds a nice contrast opposite his large weighting to smaller companies and US
RBOT and EQUU I haven't looked at much. But UEM I'd look at differently, and would consider. 5% would be towards the top end / max I'd want in it though for the portfolio described
I have a small holding myself within my investment trust portfolio, which was designed to generate dividend income for me and in somewhat hands off way of just let the portfolio run and collect the divs without much other effort. Bloomberg's description is a decent one in that it covers utilities as well as infrastructure, with an EM focus, making it a little different from the average infrastructure sector fund you come across.
The Company invests in the utility and infrastructure industries including water and sewerage companies, electricity, gas, telecommunications, ports, airports, service companies, rail, roads, and other essential services. Utilico focuses its investments predominantly in emerging markets.
I like the diversification it brings, as well as the EM exposure. The dividend is reasonable and consistent too at around 3%. This results from most of its investments being cash generative.
A couple of highlights/ quotes from the company overview
96.5% of portfolio invested in listed entities which are predominantly established, profitable and paying dividends, enhancing liquidity and transparency
- Effective risk mitigation achieved via geographic and sector diversification (Brazil 19.6%, China 18.5%, Romania 9.9%)
I'd consider that to be quite focused/concentrated on 3 EMs to be honest. But if considered as part of the much bigger portfolio Ludacris is creating, would say it holds true
www.uem.limited/
factsheet
www.uem.limited/files/5915/0772/6895/UEM_Factsheet_September_2017.pdf
Ludacris probably isn't that bothered about the dividend aspect. But the exposure to infrastructure helps diversification, and the utilities and EM exposure adds a nice contrast opposite his large weighting to smaller companies and US
RBOT and EQUU I haven't looked at much. But UEM I'd look at differently, and would consider. 5% would be towards the top end / max I'd want in it though for the portfolio described