Source - RNS
RNS Number : 1757J
Martin Currie Global Portfolio Tst
26 June 2017


London, UK, 26 June 2017

Edison issues review on Martin Currie Global Portfolio Trust (MNP)

Martin Currie Global Portfolio Trust (MNP) aims to generate long-term capital growth from a portfolio of high-quality, primarily large-cap global equities. There has been continuity of leadership and process; Tom Walker, assisted by Martin Currie's large team of experienced investment professionals, has managed MNP since January 2000. The trust has performed broadly in line with its blended benchmark over the last 10 years. However, its volatility of investment returns is lower than the average of its peer group, the AIC Global sector, which currently comprises 24 closed-end funds with a variety of mandates. Following the adoption of a zero discount policy in 2013, MNP's shares trade close to NAV. The trust has a progressive dividend policy; its current yield of 1.8% compares favourably with the average of its peers.


Following the adoption of a zero-discount policy in 2013, MNP's share price has regularly traded close to its NAV. The current 0.6% share price discount to cum-income NAV compares to average discounts of the last one, three, five and 10 years of 0.5%, 0.5%, 1.5% and 4.1% respectively. MNP's board has increased or maintained its annual dividend every year since the fund's inception in 1999; its current dividend yield is 1.8%.  

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