Publication of Monthly Factsheet

About this update from Uil Finance Ltd Zero Div Pfd Registered Shs 2018-31.10.26

[{"type":"text","content":"\n\n13 March 2024\n \nUIL LIMITED\n(LEI Number: 213800CTZ7TEIE7YM468)\n \nPublication of monthly factsheet\n \nThe latest monthly factsheet for UIL Limited (\"UIL\" or the \"Company\") will shortly be available through the Company's website at:\nhttps://www.uil.limited/investor-relations/factsheet-archive\n \nMonthly commentary\n \nPERFORMANCE\nUIL's NAV total return was down by 6.5% in February, behind the FTSE All Share total return Index which increased marginally by 0.2% over the month.\n \nGlobal markets were fairly strong in February despite the more hawkish message from the US Federal Reserve that interest rates are likely to remain higher for longer as economic data from the US continued to be resilient. The US composite Purchasing Managers' Index (PMI) remained in expansionary territory and January's US nonfarm payroll data was ahead of expectations. The US market was also supported by the positive 4Q 2023 earnings reported (five of the 'Magnificent Seven' released results broadly meeting or exceeding expectations), helping to drive the S&P Index up by 5.2% over period and reaching a new all-time high in February.\n \nThe Eurostoxx Index followed suit up 4.9% over the period as data for February indicated that there was a pick-up in economic activity with the flash eurozone PMI up to 48.9 from 47.9 in January. Further inflationary pressures reduced with the eurozone CPI reducing to 2.6%. Market performance in the UK was essentially flat, despite data pointing to an improving outlook, as GDP fell in the final quarter of 2023 by 0.3% dragging the UK into technical recession.\n \nSterling's performance was mixed in February - down 0.7% against the US Dollar, down 0.3% against the Euro but up 0.8% against the Australian Dollar.\n \nIn emerging markets, the Chinese Shanghai Composite Index ended the month where it started the year, up by 8.1% for February. The market was boosted by more positive activity data over the Lunar New Year period as well as more supportive economic and financial measures being announced by the government such as cutting the five-year loan prime rates (benchmark for mortgage rates) by 25bps and banning short selling. The Hang Seng Index was also up by 6.6%. Elsewhere in Asia the markets were also positive with the Vietnamese Ho Chi Minh Index up by 7....

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