Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Chinese Investment Trust Plc LSE:JMC London Ordinary Share GB0003435012 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 0.46% 329.00 327.00 331.00 332.00 323.00 323.00 148,471 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 3.5 4.3 76.2 247

Jpmorgan Chinese Investm... Share Discussion Threads

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Keep an eye on the NAV, if the share price gets much greater than 6% premium it's time to sell on any sign of weakness in the markets.
I wonder if this can go all the way up to £2. its having a great run at the moment.
This share is on a nice run, cant believe their isnt more interest on the forums. i was going to start buying into the brazil fund as well, it seems i should of thats up 25% on the month as well. dam
This fund is hitting new highs and i can only seeing getting higher. alot of this funds investments will evenually be the biggest companies in the world. even with me already making big profits, im looking for alot more yet.
Something of interest perhaps. My Fidelity investments have always been the wrong ones but I like the idea of an investment trust. This article says it is currently rading 5% below nav.
Thanks for the info.
bones30, I am no expert on these but yes I have been looking. It is a closed investment trust so my understanding a bit different and more risky than a standard unit based investment. There is also a bit of hoo-ha over the 1.5% annual fees and there can also be further fees if the value goes down but still outperforms a particualar index by 2%, so if both go down but Bolton beats the index by more than 2% then the additional fees are paid. The value of the shares, being an investment trust can also trade to a discount or premium to the underlying value. My understanding is that as there is such a high demand (because of Bolton's reputation on the Fidelity Special Situations Fund previously) that there is a high take up and it will start trading at a premium. Either way, in an ISA I think any early swings will be negligible when looking at the 5-10 year timeline. Also, on the initial offering there are no initial fees. Hope that helps a bit and good luck.
Has anyone been looking into the Fidelity China Fund about to be launched. I've not invested in funds before, only shares. Wondering if it is better to be in before the launch or do they tend to go down after launch like most IPOs I've seen.
ADVFN seem to have changed their tickers for the Chinese markets, does anyone know what the new ticker is for the Shanghai Composite?
I see Mr Anthony Bolton is opening a new China Fund. I believe he is now based out there, along with Uncle Jim and David Mobius. So they can have a small dinner party. Aside from that, while 11% growth in China is possible, there are so many IF's this year. One is the fall and further fall due in the Euro. THis starts to make Euro zone start to produce and export more. I don't see where the 11% growth will come from. Accordingly I am going toc all it a day on China for 2010. There could be rather a good 6 month short on this Fund , maybe 130 to 80p again.. all IMHO.
I can just see this fund getting bigger and bigger. The China SyndromeIt seems odd to be calling the world's fourth-largest economy an emerging market, but China is just that. After decades of strict Communist rule, the country that invented paper money is finally punching its weight on the global economic scene. If proof were needed of just how much financial clout the Chinese now have, take a look at the US's reaction to suggestions in August that – for the first time – Beijing might use its £658 billion of foreign reserves to heap more pressure on the US economy. This political weapon is likely to be more useful to the Chinese as leverage than any nuclear option (and has the same effect). The warnings have not come directly from the Chinese government, but any such action could trigger a dollar crash at a time when it is already struggling. Sub-prime lending concerns in the US have started to come to fruition, resulting in significant falls in global markets. In that context, it's interesting to see how East compared with West when the markets tumbled in August. The FTSE 100 fell by 873 percentage points from its summer high of 15 June, when it was at 6,732.0, to close at 5,185.89 at its lowest point on 16 August. The Hang Seng (Hong Kong's market index) had not escaped the contagious effect of America's sub-prime concerns, falling from its 23 June high of 23,500 to close a shade under 20,000 on 17 August. But mainland China's Shenzhen Composite Index seemed merely to pause for breath before climbing above 5,000 for the first time on 23 August. This implies that China could put pressure on the US, cause problems in the markets yet ride the storm out itself: a powerful position to be in. The way forward While forthcoming economic times may be rocky, prospects for China still look bright, according to experts. Cheap wages and the world's largest labour force have combined to make China a significant exporter of industrial and consumer goods. For example, nearly 80 per cent of the world's electronic goods were made in China last year. With the relaxation of the rules on foreign investment and China's clear commitment to becoming a more liberal economy, as indicated when it joined the World Trade Organisation (WTO) in 2001, the country is continuing to offer opportunities to those in the West. For example, Royal & SunAlliance has announced that China's mainland insurance regulators have granted it a licence to offer non-life insurance products there. China's annual gross domestic product has grown by between 8 and 10 per cent in each of the last 15 years, and many experts predict that this level will be maintained for the next 15, provided structural reforms and a liberalisation in the markets is maintained. One of the biggest growth areas in China is in consumer goods. After years of austerity under the rule of Chairman Mao, the Chinese youth are becoming increasingly Westernised and are taking up the trappings that go along with this. Spending spree Strong consumer growth is being driven by its nouveau riche – there are already 500,000 US dollar millionaires in China, with 30 million of its estimated 1.3 billion population able to afford luxury goods. Porsche 911s, Prada and Gucci are no longer items just hankered after by a nation starved of choice and diversity; China now even has its own version of Vogue. However, the economic disparity between China's rich and poor is one of the largest globally. China's GDP per capita is just $1,500, compared with $40,000 in the UK, so spending in China is still low by Western standards. Entering the WTO has exposed China to inward investment and foreign competition. Its appetite for goods is voracious – it consumes more coal, meat, steel and grain than any other nation, and is the fifth-largest exporter in the world. However, food inflation is a concern, with inflation jumping to a 33-month high in June of 4.4 per cent as a shortage of pigs caused the price of pork to soar. Other areas, such as furniture, soap and air tickets, are all causing inflationary pressure, and economists forecast that it will be running at about 5 per cent when the next figures are published. Dampening of this level has been difficult, despite a series of rate rises, as there is so much liquidity in the economy, but measures are being taken. All change China's rapid move into a second industrial revolution means its thirst for oil has also risen, going from 6.6 million barrels a day in 2004 to 7.2 million a day last year, according to the US Energy Information Administration. Diplomatic efforts to woo the oil-rich nations of the Oil Producing Economic Countries cartel have, as a result, become increasingly important. The move from agriculture to industry has prompted an increase in Chinese productivity, which should continue at between 6 and 9 per cent if its structural reforms are maintained, according to the International Monetary Fund. To try and spread some of the wealth that is concentrated on the Eastern coast of the country, tax-free development zones are being created, which should have a helpful knock-on effect for logistics companies and infrastructure in general. Agricultural development could grow, as farmers have been given tenure of their land, and now have incentives to invest in it. These may be positive sectors for investors. Surprisingly, for a nation so tied up with the production of the world's electronics, any online purchases are paid for in cash on delivery – so the prospect for an increase in payment systems in China is immeasurable. However, the Communist government has attempted to cool the economy six times this year already by tightening lending rules, and the Bank of China has said that lenders will need to decrease the money available for borrowing by raising the level of deposits they need to hold with the central bank. Wage inflation has also been running at 13 to 15 per cent, which could be offset by more automated industries. There is also likely to be an increase in spending on healthcare, another area that has lagged behind the West, so companies with exposure in this area could potentially do well. Of course, China is not without its difficulties: questions over property rights and internal political pressure are inherent legacies of the Communist regime. Human rights issues about the freedom of citizens and the workforce conditions are also potential banana skins that could slip investors up. However, if these hurdles are overcome, the prospects for the country could be good, if you can hold your nerve for the ride. While short-term economic difficulties will manifest themselves, the regime is clearly moving in the right direction, and investors willing to hold a small proportion of their portfolio in China may eventually be pleased with the results.
HOPE you boys did get on-board.
Well Japan is recovering!
Time to get in on the Chinese recovery....!!!
Hope you did.. I did not. Now I am thinking to.. so its probably not a good time!
time to get into this ...recovery in China earlier than rest of world ??
This has got some catching up to do its 13p below its NAV.
JMC CHINA FUND MENTIONED in the ft. There is only one other investment trust focused on China – the JPMorgan China fund. This tends to focus more on themes of domestic growth, industry consolidation and earnings quality
They are not warrants, they are subscription shares. Ticker is JMCS. The conversion situation is explained in MartinC's link to JPM website above. If the share price was to reach 168p in May 2013 then the subscription shares would be worthless as the conversion price (price subscription share holders have to pay to convert to normal shares on a 1:1 basis) is set at 168p. Of course if the share price had risen to 238p by that time then the sub. shares would indeed be worth 70p. I don't hold any sub. shares here but do in JPM Indian IT (JIIS) where they were given as a scrip issue when I had a holding in JII last year.
I cant find an EPIC for Warrants here... usually it would be JCMW
No they don't. Thats a popular misconception. But they do put on the difference between the cuttent share price and the current warrant price if the NAV rises and the share price rises. Eg, the Warrant MAY get as high as 60-70p in 2013. This is a fantastic return from 4.5p. However my own take is that it will be a difficult journey in this market. On other hand, if at ANY year of the next 4, the share price purs on 30-40p the warrants clearly more than double, so there are gains to be made over shorter times. To me the year 2013 is too far away in this new climate to be confident of anything in the world! ( except that gold will still be worth something)
How about the warrants? If the share price reaches 168p by May 2013, the warrants will rise from 4.5p to 168p - unless I'm missing something from my quick look. It looks like a 1:1 conversion ratio. See for the conversion terms.
Hectorp Exchange Funded Trade?
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