10. Uncovering Trusts – UIL (UTL)

In this episode, our director of content, investment trusts Milosz Papst explores UIL, an investment company whose aim is to maximise shareholder returns by identifying investments worldwide where the estimated underlying value is not fully recognised. He talks about ICM, the company’s investment manager, and its stock selection process based on the following three medium-term views: 1) the world’s financial markets are over indebted; 2) technological change offers strong investment upside; and 3) emerging markets offer better GDP growth opportunities than developed markets. He delves into UIL’s investment portfolio, including its four major platforms. He also comments on the company’s leverage, dividend policy and discount to NAV.***********************************************************About ‘Uncovering Trusts’'Uncovering Trusts': is a podcast run by Edison analysts released every two weeks. Subscribe to hear analyst interviews on how investment trusts maximise returns while managing risks for investors.About Edison:Edison is a content-led IR business. We believe quality investment content should inform all investors, not just brokers. Our mission: engage and build bigger, better-informed investor audiences for our clients.Edison covers 50+ investment trusts, read about them here: https://www.edisongroup.com/equities/investment-companies/