Global Portfolio Trust interim report 2018

Martin Currie Global Portfolio Trust has announced a positive set of results for the six-month period ending 31 July 2018

24 September 2018

Neil Gaskell, Chairman, Martin Currie Global Portfolio Trust commented:

“In June, I was delighted to announce the appointment of Zehrid Osmani as Co-Portfolio Manager as part of a considered succession plan. Zehrid will replace Tom Walker as sole portfolio manager on 1 October. Zehrid brings over 20 years of experience and has an impressive track record in managing other high conviction long-term portfolios. 

“Tom has been in charge of managing your Company’s portfolio for the last 18 years and has now decided to retire as the Company's portfolio manager with effect from 1 October 2018. During his tenure the markets have had their fair share of ups and downs but Tom has maintained an excellent overall performance by beating the benchmark in seven out of the eight rolling 10 year periods he has completed and delivering a total 18 year share price increase of over 380%. The Board wishes to express its gratitude to Tom for this sustained delivery of long-term shareholder value. 

“The portfolio is well positioned to produce good returns over the long-term, focused as it is on diversified global stocks with strong and consistent records of creating value for their shareholders.”

Global Portfolio Trust half-yearly report 2018 PDF

Full results are available in the Global Portfolio Trust half-yearly report 2018

Half-yearly report 2018 - Download PDF

Important information

Source: Martin Currie, September 2018

Ongoing charges are calculated as a percentage of shareholders’ funds using average net assets over the year and calculated in line with AIC’s recommended methodology. The net asset value is inclusive of income with dividends re-invested. For more information on portfolio, performance and dividends, please click here.

Risk warnings:

Past performance is not a guide to future returns.

The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Investors may be subject to tax on their dividends. The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.