JPMorgan Global Growth & Income (JPGI)

Business description

JPMorgan Global Growth & Income (JPGI, formerly JPMorgan Overseas IT) aims to achieve capital growth from world stock markets, by holding a diversified portfolio of investments in which the portfolio manager has a high degree of conviction. Following a change in its distribution policy in July 2016, it also aims to pay a dividend equivalent to at least 4% of NAV at the preceding year-end, announced at the start of the year to give visibility of income.

Stock data

Market cap.£364.8m
Last close295.00p
High / Low (52 weeks)299.8p / 199.0p
Stock market listing
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

Investment summary

JPMorgan Global Growth & Income (JPGI), previously JPMorgan Overseas IT, uses a disciplined and research-intensive approach to identifying 50-90 ‘best ideas’ from around the world, with the aim of achieving capital appreciation in excess of the MSCI AC World index. It has recently adopted a new distribution policy whereby at the start of each year it will announce a dividend equivalent to at least 4% of NAV, to be paid in quarterly instalments. The board and management see this level of distribution – which may come from capital or income returns – as sustainable, and the predictability of the income stream as well as the higher yield should increase the attraction of the trust from investors who seek income as well as growth, potentially leading to a narrowing in the discount.

Last updated on 27/09/2016

Key management

Nigel Wightman, Chairman
Jeroen Huysinga, Fund manager
Tristan Hillgarth, Non-Executive Director
Jonathan Carey, Non-Executive Director

Company address

60 Victoria Embankment, London
EC4Y 0JP
United Kingdom
020 7742 4000
View website