As announced yesterday - "The Board is conscious that this policy was established at a time when interest rates were low and that a notional dividend yield of 4% per annum is not necessarily as attractive today as it was eight years ago. Following a review with its advisers, the Board is recommending an increase in the enhanced dividend to 1.5% per quarter, i.e. a notional yield of 6%." Too high? Looks too much like HFEL to me, which has been a train wreck for years in capital terms. Voting against this. |
Rate Cuts Fade:
Indonesia's central bank, which has a mandate for currency stability, stepped in to steady the sliding rupiah on Tuesday and analysts are mulling whether it may be forced to hike rates as soon as next week.
The rupiah on Wednesday hit its lowest since the peak of pandemic pandemonium in markets in March 2020.
India's rupee hit a record low on Tuesday. Vietnam's dong is at record lows and free-falling.
Malaysia, Japan and South Korea have warned they stand ready to intervene - so far keeping those currencies from some landmark chart levels.
Outside Japan, the prospect of rate cuts in Asia this year is evaporating. Inside Japan, rises in yields have not kept pace with the selling in the U.S. Treasury market, widening the 10-year rates gap to more than 380 basis points. |
*FREE EVENT*
JPMorgan Asia Growth & Income plc will be presenting on the Mello Investment Trusts and Funds event on Tuesday 23rd April 2024 at 1pm
The programme is as follows:
1:00pm Emma Bird, Head of Investment Trust Research, Winterflood Securities
1:30pm Company presentation by JPMorgan Asia Growth & Income plc
2:00pm Company presentation by Literacy Capital
2:30pm Company presentation by International Biotechnology Trust
3:00pm Investment Trusts and Funds Panel
For more information, click here:
To join for free, register for the webinar here: |
So, HFEL & JAGI have each done 3 equity raises in the past week. Guessing both Boards think this is a good time to be tapping the market. circa £1.40m HFEL and £1.42m JAGI. |
Touched a 52 week high today. My only slight worry is that like JCGI and a few other ITs the top two holdings are Alibaba and Tencent. |
I have 10k
and the same number of JPS/JSGI
been a cracking investment for me along with JGGI |
Held for 15 months and very pleased with performance. Yes it's overweight in china but that's now a benefit. I think the new Asia trade agreement will help this trust to push on. Looking for more exposure in this area. |
The more assured handling of the crisis in Asia highlights another pre-existing theme that has probably gathered pace in the past few months. The region was first in and has been first out of Covid-19. And that will give it the chance to continue pulling away from the West in the battle for economic supremacy in the 21st century. |
JAGI pays a dividend of 4% of the trusts Nav per year and is paid Quarterly.
It is a very well run trust however over the past few years the percentage of the trust invested in Greater China has been steadily increasing to the point where it is starting to become more like a Greater China Trust rather then a general play on Asia.
2/3rd Greater China & 1/3rd other Asian Countries.
Over the past few years I have written several times to JP Morgan asking them to reduce the percentage of the trust in Greater China instead they have been increasing it and to also possibly add other countries, including those from the CIS states. |
a lot of buys today any one with isight can give a handle on the qulity of this trust |
Geographical Breakdown as at 29 February 2020:
China........43.2%
S.Korea......15.3%
Taiwan.......11.8%
India........10.6%
Hong Kong....10.4%
Singapore.....2.9%
Indonesia.....2.6%
Vietnam.......1.8%
Thailand......1.0%
I feel that this trust is currently far too over weight Greater China which makes up 65.4% of the trusts portfolio. |
 This thread is for comments on Investment in AGI and the investment environment in the Asian region.
This thread is to engender dialogue, discussion and involvement of other posters, posting information and points of view of both sides in an objective, informative and hopefully sometimes interesting manner so others can carefully explore, examine and interpret the value of the information while not necessarily intended to change other posters attitude towards investing in JAGI or in the Asian region.
Not trying to Sell an opinion, or are really recommending a specific course of action, rather give all on this thread a better understanding and knowledge about the investment environment in the Asian region with which to form their own opinion on whether or not they choose to invest.
In order to better reflect the Company's current investment and dividend policies, the Company has changed its name to JPMorgan Asia Growth & Income plc (previously JPMorgan Asian Investment Trust) and with effect from 8.00 a.m. on 14 February 2020, the Company's London Stock Exchange mnemonic (TIDM) will also change to JAGI (previously JAI). |
This thread is for comments on Investment in JAGI and the investment environment in the Asian region.
This thread is to engender dialogue, discussion and involvement of other posters, posting information and points of view of both sides in an objective, informative and hopefully sometimes interesting manner so others can carefully explore, examine and interpret the value of the information while not necessarily intended to change other posters attitude towards investing in JAGI or in the Asian region.
Not trying to Sell an opinion, or are really recommending a specific course of action, rather give all on this thread a better understanding and knowledge about the investment environment in the Asian region with which to form their own opinion on whether or not they choose to invest. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
