Edison review Martin Currie Global Portfolio Trust
OREANDA-NEWS. Martin Currie Global Portfolio Trust (MNP) invests in large-cap global equities, selected for their above-average growth potential and attractive valuation. Tom Walker has managed the fund since January 2000; long-term performance versus the benchmark has been positive. The dividend yield is above the peer-group average and since fund inception in 1999, compound dividend growth has been 7.4% a year. In 2013, a zero discount policy was adopted, supporting improved liquidity, and the shares have traded close to net asset value since then.
MNP's objective is to achieve long-term capital growth in excess of the capital return of the benchmark FTSE World index by investing in a diversified portfolio of international quoted investments. The benchmark was changed on 1 June 2011 from the FTSE All-Share index to the FTSE World index when the trust adopted a more global focus.