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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| JPMorg.Oseas It | LSE:JMO | London | Ordinary Share | GB00BYMKY695 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 220.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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:
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This information is provided by RNS
The company news service from the London Stock Exchange
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NRASSWFIMFASEEE
(END) Dow Jones Newswires
February 06, 2018 10:35 ET (15:35 GMT)
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