Broaden your dividend exposure
Investors often face a challenge between choosing equities that offer either high dividend yield or high dividend growth, but often the best opportunities lie in the middle of the two.
Focus on healthy dividend payers
By focusing on income-paying stocks that offer resilient dividend growth, the JPM Global Equity Income Fund aims to provide a higher yield than the market, and the potential to earn attractive long-term total returns.
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JPM Global Equity Income Fund Overview
Explore the JPM Global Equity Income Fund, its role in investor portfolios, and the Portfolio Manager's outlook in this short video.
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Offers resilient total returns
Dividend stocks have proven to be resilient in past high inflation environments.
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Invests across the yield spectrum
Unlike many of its peers, the fund invests across the yield spectrum but with an emphasis on often ignored dividend-paying companies we call “compounders”.
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Focuses on durable income
The fund’s overall dividend profile provides exposure to the stocks with the greatest potential for long-term income and growth.
Dividends have provided resilient income
Against other asset classes, high dividend, developed market equities have been more resilient against backdrops of both high and rising inflation, and high and falling inflation. Given the inflationary backdrop, we think this area of the market could prove to be attractive.
Arithmetic average of nominal annual returns of different asset classes for quarters in which inflation was above median, Q4 1999 to Q2 2023
Past performance is not a reliable indicator of current and future results.
Source: Barclays, Bloomberg, Dow Jones, FactSet, Federal Reserve, MSCI Global, Strategas/Ibbotson, J.P. Morgan Asset Management. Median inflation was 2.23% in measured period. Rising or falling inflation distinction is relative to the previous quarter. High and rising inflation occurred in 32 of the 94 measured quarters. High and falling inflation occurred in 15 of the 94 measured quarters. Based on Bloomberg Barclays Global Aggregate (Global bonds), MSCI World High Dividend Yield Index (DM High Dividend Yield Equities), S&P GSCI (Commodities) and MSCI All Country World Index (World Equities). Guide to the Markets - Asia – On the Bench. Data reflect most recently available as of 30 June 2023.
An investment philosophy emphasising dividend compounders
The majority of the fund’s holdings are compounders, which are companies that sit in the sweet spot between high yield and high growth dividend stocks. Compounders may not have the highest yields or the strongest dividend growth, but they have steadily outperformed the market over the last 20 years.
Indexed Total Return: Dividend Investment Categories vs. MSCI World Index
Source: J.P. Morgan Asset Management as of 31 December 2023. Compounders = covered stocks in the MSCI World with dividend yields between 0.8-1.6x MSCI ACWI, ranking within the top 3 quintiles of resilient long-term dividend growth, along with a track record of historical dividend growth. Back test run since 2002, with monthly rebalances and equal-weighted stock allocations. Q1/2 = stocks in the first 2 quintiles of our inter-sector valuation ranks. All returns in local currency. This market back test is not indicative of fund performance. Past performance is not a reliable indicator of future results.
Our global dividend investing advantage
Supported by an investment philosophy that prioritises dividend quality and growth, and driven by the research input of our global research platform, the fund aims to maintain a higher dividend yield than the index, as well as faster dividend growth and fewer dividend cuts.
Source: J.P. Morgan Asset Management, as of 29 February 2024, unless otherwise stated. “Index” refers to fund benchmark the MSCI All Country World Index. *J.P. Morgan Asset Management Forecast Forward 12m Rolling DY. **5-year annual dividend growth forecast refers to growth between forward year 1 and forward year 6 JPMAM dividend forecasts. *** Dividend cuts refer to dividend reductions in the year of holding cumulative for 2018-2022. Forecasts are not a reliable indicator of future results. Dividend declaration and payment is not guaranteed and subject to the dividend policy in the prospectus.
Where to buy this fund
The following are third party providers that you can use to invest in this fund.
Why J.P. Morgan Asset Management for global equity income?
Our Global Equity Income Fund invests in our highest conviction dividend ideas, driven by the insights of nearly 100 experienced analysts worldwide and guided by an investment discipline that has generated significant outperformance over three decades.
1J.P. Morgan Asset Management as of 31 December 2023. Morningstar rating and peer group percentile over 3 and 5 years for C shares against the IA Global Equity Income universe. Morningstar Ratings ™: © Morningstar. All Rights Reserved. Past performance is not a reliable indicator of current and future results.
The investment platforms mentioned above are presented for illustrative purposes only. The use of their logos does not imply an endorsement by J.P. Morgan Asset Management, nor is it intended to suggest an endorsement of J.P. Morgan Asset Management by these investment platforms.
For Professional Clients only – not for Retail use or distribution
This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and may be subject to change without reference or notification to you. The value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not a reliable indicator of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy. Prior to any application investors are advised to take all necessary legal, regulatory and tax advice on the consequences of an investment in the products. Investment is subject to documentation, which is comprised of the Prospectus, Key Investor Information Document (KIID) and either the Supplementary Information Document (SID) or Key Features/Terms and Conditions. These documents, together with the annual report, semi-annual report and instrument of incorporation are available in English from JPMorgan Asset Management (UK) Limited or at https://am.jpmorgan.com. This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.
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