Edison Investment Research - Martin Currie Global portfolio Tst (MNP) Martin Currie Global Portfolio Trust - High-quality equity offering in an uncertain world

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Edison Investment Research

Pedro Fonseca

Martin Currie Global Portfolio Trust - High-quality equity offering in an uncertain world

Martin Currie Global Portfolio Trust’s (MNP’s) manager Zehrid Osmani was correct in his assumption that investors were too conservative in 2023; global equities delivered an above-average total return led by large-cap US technology stocks. However, he believes that the consensus outlook for 2024 is too bullish given economic uncertainty and increasing geopolitical risks. The manager’s view is that with inflation remaining elevated, western central banks will not reduce interest rates until the second half of 2024, which is likely to cause disappointment and stock market volatility. With such an investment backdrop, he stresses the importance of focusing on high-quality companies with structural growth opportunities and strong balance sheets that can weather the prevailing headwinds.

30/01/2024 1 EN

Underlying

Martin Currie Global portfolio Tst

Martin Currie Global Portfolio Trust is an investment trust company, engaged in managing money for a range of clients. Co.'s investment is focused on selecting stocks through research and constructing portfolios. Co. provides investors access to a portfolio of around 50 companies. Co. invests in global equities for long-term capital growth. Co.'s portfolio of investments span across North America, Europe, Japan, Asia Pacific (excluding Japan), and Middle East. Co.'s investment portfolio includes industry, such as financials, consumer services, technology, healthcare, consumer goods, industrials, telecommunications, basic materials, oil and gas, and utilities.

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GB0005372411 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Edison issues review on Martin Currie Global Portfolio Trust (MNP): High-quality equity offering in an uncertain world

Edison Investment Research Limited Edison issues review on Martin Currie Global Portfolio Trust (MNP): High-quality equity offering in an uncertain world 30-Jan-2024 / 14:37 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 30 January 2024 Edison issues review on Martin Currie Global Portfolio Trust (MNP): High-quality equity offering in an uncertain world Martin Currie Global Portfolio Trust’s (MNP’s) manager Zehrid Osmani was correct in his assumption that investors were too conservative in 2023; global equities delivered an abov...

January 30, 2024 January 30, 2024 1 EN

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Martin Currie Global Portfolio Trust - Performance returning to positive historical form

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Martin Currie Global Portfolio Trust - High-quality equity offering in an uncertain world

Edison issues review on Martin Currie Global Portfolio Trust (MNP): High-quality equity offering in an uncertain world

Martin Currie Global Portfolio Trust - Performance returning to positive historical form

Datatec - FY24 underlying EPS more than doubles y-o-y

Pan American Silver - La Arena divestment

SenSen Networks - Time to scale

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