Our investment objective is to provide long-term total return through a flexible policy that facilitates investments predominantly in infrastructure, utility and related sectors, mainly in emerging markets.


Utilico Emerging Markets Trust plc’s ("UEM") investment objective is to provide long-term total return

Learn more

Monthly factsheet

Monthly factsheet

Annual report

Annual report

RNS Feed

View all


Long-term value in emerging markets

Learn more

Our Portfolio

International Container Terminal Services Inc

A global port management company headquartered in the Philippines. It acquires, develops, manages and operates small to medium-sized container terminals worldwide with a focus on origin and destination ports.

FPT Corporation

The largest information technology service company in Vietnam with its core business focusing on the provision of ICT-related services. 

Alupar Investimento S.A.

A Brazilian holding company for energy assets focused in the electricity transmission and generation sectors in Brazil, Peru and Colombia. It has concession rights to 30 transmission assets totaling 7,929km of electricity lines in Brazil, of which 6,120km are operational. 

Orizon Valorizacao de Residuos S.A.

Operates as a waste treatment and recovery company, offering waste management and processing solutions, ranging from recycling to biogas and electric power generation.

Santos Brasil Participacoes S.A.

Through its subsidiaries, it operates and manages container terminals in ports of Brazil. It provides logistics, transportation and distribution services integrated to port terminals.


Europe’s leading out of home delivery partner, providing cost-effective and greener solutions for merchants which give customers more convenience.

Read about our portfolio






How to invest

Investment Risks: The value of your investments and any income from them can go down as well as up and you may not get back the original amount invested.


UEM's shares are listed on the London Stock Exchange (ticker: UEM.L). You can invest through your usual stockbroker, financial advisor or through a range of investment platforms including:

AJBell.png     Fidelity.png         hargreaves.png         idealing.png    ii.png

The companies are shown for illustrative purposes only. Their inclusion should not be interpreted as a recommendation to buy or sell. The use of their logos is in no way an endorsement of those companies by Utilico Emerging Markets Trust plc, nor is it intended to indicate an endorsement of Utilico Emerging Markets Trust plc by those companies.

Our People


Investment Team

Charles Jillings
Director, ICM Limited and Chief Executive, ICM Investment Management Limited
Duncan Saville
Director and Chairman, ICM Limited
Alastair Moreton
Company Secretary
Jacqueline Broers
Deputy Portfolio Manager
Jonathan Groocock
Deputy Portfolio Manager
Mark Lebbell
Senior Analyst
Eduardo Greca
Latam Investment Strategist
George Velikov
CEE Investment Strategist
Henry Beck
Gillian Zhao

The Board

John Rennocks
Mark Bridgeman
Isabel Liu
Eric Stobart, FCA

Our Awards

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.