Feb 13th 2013 - Edison Investment Research today published a report on Martin Currie Global Portfolio Trust (MNP.L, LSE:MNP, LON:MNP) entitled "Global Equities Investment Trust". In summary, the report says:
Martin Currie Global Portfolio Trust (MNP) is a global equities investment trust. During the past year MNP has provided absolute returns of 12.6% and 16.8% for NAV and price total return respectively, compared to its benchmark, which returned 14.4%. The portfolio’s defensive positioning has hindered performance a little during this period, although the manager has become more bullish on the outlook for global equities given the continuing global monetary expansion, which the manager believes will support growth and increase the attractiveness of equities as an inflation hedge. The discount has narrowed during the last half year from c 6% to its current 2.0%.
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