Edison issues report on Martin Currie Global Portfolio Trust (MNP)

 

 

 

Edison Investment Research LimitedEdison issues report on Martin Currie Global Portfolio Trust (MNP) 09-Sep-2024 / 12:00 GMT/BSTThe issuer is solely responsible for the content of this announcement.

 

London, UK, 9 September 2024

 

Edison issues report on Martin Currie Global Portfolio Trust (MNP)

Edison issues report on Martin Currie Global Portfolio Trust (LSE: MNP).

Martin Currie Global Portfolio Trust’s (MNP’s) performance was negatively affected in 2022 by the shift in interest rate expectations as US rates quickly moved up from 0.25% to 5.50%, in response to rising prices. Now, with inflation coming down, the consensus view is that US interest rates will soon be lowered, which should be beneficial for the valuation of long-duration growth stocks. Also, Zehrid Osmani, MNP’s manager since October 2018, has a proven track record of successful stock picking during periods when the stock market is driven by company fundamentals rather than when investor focus is on macroeconomic developments. Hence, Osmani has a high degree of confidence that there are better times ahead for MNP’s performance.

Click here to read the full report.

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Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

1984397  09-Sep-2024