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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.£407.9m
Last close311.50p
High / Low (52 weeks)335.0p / 279.5p
Stock market listingLN, NZ
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

Buy, hold or fold: JP Morgan Global Growth & Income shifts to equity income sector

Tue, 07 Feb 2017 10:01:29 GMT

JP MORGAN GLOBAL GROWTH & INCOME: Income may be the Holy Grail... but can ...

Sat, 09 Sep 2017 20:09:28 GMT

Jpmorgan Global Growth & Income PLC (JPG.NZ) Ichimoku Levels Indicate Sluggish ...

Sat, 12 May 2018 20:03:45 GMT

What Investment Trust Awards 2017: Shortlist revealed

Thu, 04 May 2017 10:48:09 GMT

Revealed: Winners of the What Investment Trust awards 2017

Wed, 31 May 2017 08:46:27 GMT

Investment summary

JPMorgan Global Growth & Income (JPGI) is managed by Jeroen Huysinga, using J.P. Morgan Asset Management’s (JPMAM’s) global focus investment process. He aims to generate long-term capital growth from a portfolio of 50-90 equities that is diversified by geography and sector. The manager notes that stock market leadership has been narrow, led by growth and momentum stocks, which has been detrimental to JPGI’s investment performance in recent months (although the trust continues to outperform most of its peers in the AIC Global Equity Income sector). Huysinga is ‘sticking to his knitting’, buying undervalued stocks, as over the long term, cheaper companies have generated superior share price annual returns. The trust’s higher dividend policy, initiated in July 2016, appears to have found favour with investors, as JPGI’s discount has closed and its shares now regularly trade close to NAV.

Last updated on 31/08/2018

Latest video

Executive interview - JPMorgan Global Growth & Income

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
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