LONDON - UIL Limited (LEI Number: 213800CTZ7TEIE7YM468) has announced in its latest monthly factsheet that the company’s net asset value (NAV) total return increased by 0.4% in December, surpassing the FTSE All Share total return Index which saw a 1.2% decrease over the same period.
The global markets in December were influenced by speculation regarding the potential implications of the incoming Trump administration’s policies on the U.S. economy and international affairs. The Federal Reserve’s decision to cut interest rates by 25 basis points was accompanied by a signal of slower expectations for future rate reductions. Concurrently, the S&P 500 Index fell by 2.5%, and the U.S. Dollar strengthened.
In Europe, the European Central Bank also implemented a rate cut of 25 basis points, with further reductions anticipated in 2025 due to economic and political uncertainties. The Bank of England, however, maintained its interest rates following a rise in UK inflation to 2.6% in November.
Emerging markets saw China maintaining its interest rates, with high demand for its treasury bonds as investors sought stability amidst concerns over a potential deflationary cycle. This sentiment also affected Australia, where the ASX Index fell by 3.3% and the Australian Dollar depreciated against Sterling.
Commodity markets experienced mixed outcomes, with Brent Crude oil prices increasing by 2.3% and copper prices dropping by 1.3%. Nickel and gold prices also declined by 3.7% and 0.7% respectively.
UIL Limited’s portfolio remained stable with no changes to its top ten holdings. Resimac, the largest holding, saw its share price rise by 4.3%. Utilico Emerging Markets also experienced a share price increase of 6.5% in December.
The share price of UIL’s ordinary shares decreased by 2.2% to 110.00p, with the company repurchasing 19,331 shares at an average price of 109.00p. The 2026 ZDP shares’ price increased by 0.4%, while the 2028 ZDP shares saw a decrease of 0.4%.
This information is based on a press release statement from UIL Limited.
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