JPMorgan Global Growth & Income

LN: JGGI

Market Cap£658m

Last Close 396p

JPMorgan Global Growth & Income aims to provide superior total returns and outperform the MSCI AC World index (in sterling terms) over the long term by investing in companies based around the world, drawing on an investment process underpinned by fundamental research. JGGI makes quarterly distributions, set at the beginning of each financial year, with the intention of paying a dividend equal to at least 4% of NAV at the time of announcement.

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Investment summary

JPMorgan Global Growth & Income’s (JGGI) managers, Helge Skibeli, Rajesh Tanna and Tim Woodhouse, look for long-term structural winners, but they are also ’leaning into the recovery’, taking advantage of the investment opportunities they see among good companies yet to realise the full benefit of the global economic reopening. The managers’ stock selection skills have ensured that the trust has outperformed its benchmark, and its peers, over the short and long term, with an average annualised return of 14.9% (NAV) and 13.7% (share price) over the 10 years to end March 2022, compared to a benchmark return of 12.7%. This strong performance has allowed JGGI to deliver competitive and rising dividends. Its current yield is 3.8%. JGGI is due to merge with Scottish Investment Trust (SCIN) by the end of Q222, a move which will almost double its assets under management to £1.3bn and reduce ongoing charges (please refer to our last note).

Content on JPMorgan Global Growth & Income
JPMorgan Global Growth & Income – Merger with SCIN will double size and cut charge
Investment companies | research Review | 22 October 2021
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Share price graph
Price performance
%
1m
3m
12m
Actual (9.1) (16.3) (8.3)
Relative* (3.1) (11) (6.6)
52-week high/low 474.0p/386.0p
*% 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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