# Utilico Emerging Markets Trust PLC GBP (UEM)

**Page:** https://fundology.uk/fund/uem · ISIN GB00BD45S967

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, UEM (Utilico Emerging Markets Trust PLC GBP, ISIN GB00BD45S967) closed at £2.71 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by +24.3% (income paid out is not included), or −3.0% after UK CPIH inflation.

## Summary

Utilico Emerging Markets Trust PLC GBP is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Latest close: **£2.71** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | UEM |
| ISIN | GB00BD45S967 |
| Category | Investment trusts |
| Type | Investment trust |
| Domicile | United Kingdom |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +4.63% | +0.93% | price only |
| 3 years | +23.74% | +11.80% | price only |
| 5 years | +24.31% | -2.97% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Utilico Emerging Markets Trust PLC GBP in pounds (price only, income paid out not included): 2022 −1.2%, 2023 +9.6%, 2024 −7.9%, 2025 +28.4%; 2026 to 13/11/2026 0.0%. Returns of Utilico Emerging Markets Trust PLC GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +11.0%; to 30/09/2025: +15.5%; to 30/09/2024: −0.9%; to 30/09/2023: +5.2%; to 30/09/2022: −2.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -1.2% | -9.5% | Price |
| 2023 | +9.6% | +5.2% | Price |
| 2024 | -7.9% | -11.0% | Price |
| 2025 | +28.4% | +24.0% | Price |
| 2026 to 13/11/2026 | +0.0% | -3.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 15.44% | -10.00% |
| 3 years | 12.90% | -14.53% |
| 5 years | 13.37% | -14.53% |

## Largest fall

Volatility of Utilico Emerging Markets Trust PLC GBP in pounds, annualised from weekly returns to 13/11/2026: 15.4% over 1 year, 12.9% over 3 years, 13.4% over 5 years. Largest fall in the price of Utilico Emerging Markets Trust PLC GBP since November 2021, in pounds: −14.5% from 10/05/2024 to 29/11/2024. The lowest 12-month return of Utilico Emerging Markets Trust PLC GBP in pounds (price only, income paid out not included) since January 2021 was −9.5% (12 months to 29/11/2024); the highest was +42.2% (12 months to 17/04/2026). On 13/11/2026 the price of Utilico Emerging Markets Trust PLC GBP was 9.7% below its highest weekly close since November 2021 (17/04/2026), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ISIN of UEM?**

The ISIN of UEM is GB00BD45S967. An ISIN identifies one exact share class of a fund; UEM is its ticker on the London Stock Exchange.

**What were UEM’s returns in each of the last five years?**

Calendar-year returns of UEM in pounds (price only, income paid out not included): 2022 −1.2%, 2023 +9.6%, 2024 −7.9%, 2025 +28.4%; 2026 to 13/11/2026 0.0%. Past performance is not a guide to future returns.

**How has UEM done after inflation?**

Over the five years to 13/11/2026 UEM’s price changed by +24.3% (income paid out is not included), or −3.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.