JPMorgan Global Growth & Income

LN: JPGI

£454.9m market cap

340p last close

JPMorgan Global Growth & Income (JPGI, formerly JPMorgan Overseas IT) aims to achieve capital growth from world stock markets, by holding a diversified portfolio of investments in which the portfolio manager has a high degree of conviction. Following a change in its distribution policy in July 2016, it also aims to pay a dividend equivalent to at least 4% of NAV at the preceding year-end, announced at the start of the year to give visibility of income.

Investment summary

JPMorgan Global Growth & Income (JPGI) has enhanced its management team following the retirement of manager Jeroen Huysinga, with co-manager Tim Woodhouse now supported by Helge Skibeli and Raj Tanna, two of the principal architects of the research-driven global focus investment approach that JPGI follows. While the underlying investment philosophy, backed by more than 50 dedicated research analysts, is unchanged and JPGI remains a relatively concentrated ‘best ideas’ portfolio, the new team has a greater focus on quality companies that can compound returns over the long term. The managers say that reducing regional risk should maximise the contribution of individual stock positions to returns versus the MSCI AC World benchmark, and lower volatility.

Share price graph
Price performance
%
1m
3m
12m
Actual 1.8 4.3 5.6
Relative* (1.6) 3.8 5.8
52-week high/low 354.0p/279.5p
*% relative to local index
Key management
Nigel Wightman Chairman
Jeroen Huysinga Fund manager
Jonathan Carey Non-Executive Director
Tristan Hillgarth Non-Executive Director

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