![\"Managers](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/Asiacityscape.jpg\"\/)
<\/p>\n<\/p>\n
Managers of the Utilico Emerging Markets Trust, a UK-listed investment trust, marked its 20th anniversary on the London Stock Exchange this month, and outlined investment opportunities in emerging markets.\t \t \t \t \t \t <\/p>\n
\n Optimistic sentiment about emerging markets \u2013\u00a0and
\n infrastructure in particular \u2013 is gaining momentum, portfolio
\n managers say.\u00a0
\n<\/p>\n
Wealth managers are reconsidering global asset allocation
Middle class impetus
\n Charles Jillings and Jacqueline Broers, co-portfolio managers of
\n the Utilico
\n Emerging Markets Trust<\/a>, highlighted\u00a0at a media event
\n that emerging markets have been outperforming developed markets,
\n and long-term prospects look favourable.
\n<\/p>\n
\n Their portfolio is\u00a0focused on defensive sectors such as
\n utilities and infrastructure, positioning it to weather near-term
\n volatility more effectively than the broader market.
\n<\/p>\n
\n Jillings drew attention to the strong GDP growth in emerging
\n markets, with India still being one of the fastest growing
\n economies, even though it has been hit by\u00a050 per cent US
\n tariffs.
\n<\/p>\n
\n M&G<\/a> also recently
\n highlighted that\u00a0the economic impact of tariffs in India and
\n Brazil is less than the political noise\u00a0suggests. \u201cThe
\n impact of 50 per cent tariffs on India is limited as domestic
\n consumption is the main driver of growth not exports. The
\n economic impact on Brazil is also limited,\u201d Charles de Quinsonas,
\n head of emerging market debt at M&G, said.<\/p>\n
\n by\u00a0shifting some money out of the US and into Europe, Asia
\n and emerging markets.\u00a0A number of firms, such as
\n London-based GIB Asset
\n Management<\/a> and California-based Franklin
\n Templeton<\/a>,\u00a0are also positive about emerging markets.
\n Even as global uncertainty rises, Franklin Templeton believes the
\n market to be underestimated and under-owned. See more
\n here<\/a>\u00a0and
\n here<\/a>.\u00a0(Also read two recent features about the evolving
\n world of asset allocation
\n here<\/a> and
\n here.<\/a>)<\/p>\n
\n Jillings said the growth of the middle-class is driving the need
\n for better social infrastructure in these countries while
\n decarbonisation of the energy matrix is supporting strong
\n economic growth. Rapid digital adoption is also accelerating
\n demand for digital infrastructure, she added. Emerging markets
\n have an increasing importance in the share of world trade, she
\n said. \u00a0
\n<\/p>\n
\n Despite macro volatility and geopolitical uncertainty, Jillings
\n and Broers believe that investment in infrastructure will
\n continue.
\n<\/p>\n
\n Utilico\u00a0Emerging Markets Trust (UEM)
\n Jillings and Broers co-manage the Utilico\u00a0Emerging Markets
\n Trust (UEM), which specialises in assets benefiting from
\n long-term infrastructure megatrends providing potential for
\n sustainable growth, such as social and digital infrastructure,
\n energy growth and\u00a0transition, and global trade.
\n<\/p>\n
\n UEM has a big interest in Latin America, where companies can
\n exhibit monopolistic characteristics.
\n<\/p>\n
\n Despite the 50 per cent US tariffs on Brazil, Jillings and
\n Broers\u00a0remain invested in Brazil. This includes an
\n investment in\u00a0Brazilian\u00a0waste\u00a0management
\n company,\u00a0Orizon, which\u00a0operates 17 sanitary landfill
\n sites.These sites collect and use biogas\u00a0\u2013 an operation
\n which generates carbon credits.
\n<\/p>\n
\n The managers are also invested in the growth-oriented market of
\n India. In particular, they invest in IndiGrid, an infrastructure
\n investment trust, which\u00a0develops\u00a0and
\n operates\u00a0transmission lines, solar generation and battery
\n energy storage in India. They believe it is well positioned to
\n benefit from India\u2019s rising power demand and green transition.
\n<\/p>\n
\n The country is also favoured by other wealth managers such
\n as\u00a0French asset manager Amundi<\/a>\u00a0due to its strong
\n GDP growth and lower\u00a0exposure to US trade. See more
\n commentary\u00a0here<\/a>.\u00a0
\n<\/p>\n
\n Jillings and Broers\u00a0are\u00a0also keen on the Philippines,
\n with investments including Philippines-listed International
\n Container Terminal Services (ICT) which acquires, develops,
\n manages and operates small- to medium-sized container ports and
\n terminals. It operates 33 terminals in 20 countries. Another
\n investment is the Manila Water Company and SUNeVision, the
\n largest data centre operator in Hong Kong with eight\u00a0data
\n centres and two\u00a0cable landing stations, capitalising on the
\n digital infra trend.
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