UEM holds position in declining markets

Utilico, which invests predominantly in infrastructure, utility and related sectors, mainly in emerging markets, trod water in the second quarter of 2012.

Utilico, which invests predominantly in infrastructure, utility and related sectors, mainly in emerging markets, trod water in the second quarter of 2012.

The investment firm's net asset value (NAV) total return, including dividends, was zero in the April to June quarter, which the company said was a good performance considering its benchmark index, the MSCI Emerging Markets Total Return index (sterling adjusted) was down 7.1% over the same period.

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