share prices

JPMorgan Global Growth & Income

LN: JPGI

£509.9m market cap

350p last close

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.

Investment summary

JPMorgan Global Growth & Income (JGGI) seeks capital growth from a portfolio of c 50–90 attractively valued stocks drawn from the best ideas of J.P. Morgan Asset Management’s (JPMAM’s) large team of research-driven global equity analysts. The portfolio is managed by the new team of Helge Skibeli, Raj Tanna and Tim Woodhouse (co-manager alongside Jeroen Huysinga, who retired in Q219). While recent returns have inevitably been hit by the global stock market sell-off, JGGI’s NAV total return of +9.5% is ahead of the benchmark MSCI AC World index (+8.8%) over 12 months to 29 February 2020, and broadly in line over one, three and six months. The trust also seeks to reward investors through a high distribution policy, paying out c 4% of the previous year-end NAV in quarterly instalments.

Share price graph
Price performance
%
1m
3m
12m
Actual 3.4 7.6 17.2
Relative* 5.8 4.2 11.8
52-week high/low 368.0p/302.0p
*% 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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