JPMorgan Brazil Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan Brazil Investment Trust plc
(GB00B602HS43)

JPMORGAN BRAZIL INVESTMENT TRUST PLC

Casting light on Brazilian opportunities

This is the only trust that specifically targets Brazilian companies with a focus on medium and small company opportunities, making it particularly well placed to benefit from domestically sourced growth, as Brazil develops into one of the world's largest economies.

  

 

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About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Board of Directors

  • Howard Myles

  • Mark Bridgeman

  • Victor Bulmer-Thomas

In their words (as of 31 Aug 2017)

The trust performed in line with the index in August. Stock selection was strong within the information technology (IT) sector and weak in the utilities space. Within IT, lack of exposure to Cielo, the largest debit and credit card processor in Brazil, added to returns as the company announced cuts to its targets for capital spending. Our holding in Iochpe-Maxion, a component and wheel producer for light and heavy vehicles, also added to performance as it benefited from increased demand. A significant detractor was our underweight in state-owned electric utilities company Eletrobas, whose stock rose sharply following news that some assets would be privatised. Finally, our overweight in Raia Drogasil, Brazil's largest drugstore chain and a core holding in the portfolio, also detracted as the company faces a challenging environment.

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Important information

This is a promotional page and as such the views contained herein are not to be taken as advice or 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 on this page 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 at the date of publishing. They are considered to be reliable at the time of publishing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you.

It should be noted that 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 is not a reliable indicator to 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.

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Investment is subject to documentation (Investor Disclosure Document, Key Features and Terms and Conditions), copies of which can be obtained free of charge from JPMorgan Asset Management Marketing Limited. Issued by JPMorgan Asset Management Marketing Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 288553. Registered address: 25 Bank St, Canary Wharf, London E14 5JP.

Benchmark Source: MSCI. Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express of implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any of such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI's express written consent.
Source:Morningstar (www.morningstar.co.uk)
3 Gearing represents the excess amount above shareholders' funds of total investments (excluding liquidity fund holdings) expressed as a percentage of the shareholders' funds. If the amount calculated is negative, this is known as a "net cash" position.
7 Non-Benchmark holdings (where held) are classified in the appropriate sector/region. Cash is net current assets and holdings used as cash substitutes if applicable.