JPMorgan Global Growth & Income PLC Edison review on JPMorgan Global Growth & Income
February 06 2018 - 10:35AM
RNS Non-Regulatory
TIDMJPGI
JPMorgan Global Growth & Income PLC
06 February 2018
London, UK, 6 February 2018
Edison issues review on JPMorgan Global Growth & Income
(JPGI)
JPMorgan Global Growth & Income (JPGI) has enjoyed a strong
period of share price performance since adopting a higher
distribution policy in mid-2016. NAV returns have also kept pace
with the benchmark MSCI AC World index, in spite of the trust's
focus on long-term valuations in an environment where market
returns have been driven more by 'growth at any price'. JPGI is the
only UK retail investment product offering access to J.P. Morgan
Asset Management's (JPMAM's) global focus investment process, which
uses a large team of expert sector analysts to identify undervalued
stocks with significant profit potential. Manager Jeroen Huysinga
remains positive on the global economic outlook for at least the
next 12-18 months, and has been finding particular opportunities in
industrial cyclicals and financials, while being significantly
underweight in technology stocks.
At 2 February 2018, JPGI's shares traded at a 2.2% premium to
cum-income NAV. This was a little below the three-year high of 3.0%
seen at the end of December 2017, reflecting a sustained re-rating
since the announcement of the new distribution policy in July 2016,
which supports the current yield of 3.2%. The shares have broadly
traded at a premium to NAV since early August 2017, and since
September an additional 2.6m shares have been issued to meet
demand.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Sarah Godfrey, +44 (0)20 3681 2519
Mel Jenner, +44 (0)20 3077 5720
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRASSWFIMFASEEE
(END) Dow Jones Newswires
February 06, 2018 10:35 ET (15:35 GMT)
JP Morgan Fleming Overseas It (LSE:JMO)
Historical Stock Chart
From Jun 2024 to Jul 2024
JP Morgan Fleming Overseas It (LSE:JMO)
Historical Stock Chart
From Jul 2023 to Jul 2024