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



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Manager Commentary

Fund Managers

Board of Directors

  • Howard Myles

  • Mark Bridgeman

  • Victor Bulmer-Thomas

In their words (as of )

The Company's share price and net asset value outperformed the benchmark in April, driven by stock selection and sector allocation. An important area of outperformance was an overweight in the healthcare sector and, more specifically, our overweight position in Fleury, a provider of diagnostic medicine. The company was up sharply on the back of strong first-quarter sales growth and steadily-increasing margins. Stock selection in consumer discretionary was another key contributor to performance in the month. Our overweight in Lojas Renner, a leading department store retailer, contributed positively. Our lack of exposure to the telecoms sector also weighed on returns as the sector outperformed in April. In the month we sold out of our position in CVC, the largest tour operator in Brazil focusing on leisure travel packages for Brazilian middle-class consumers. We recently met with the company and decided to sell out of the name due to the fact that valuations have become expensive.


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AGM information

Annual General Meeting: 08 September 2017 2.00pm, 60 Victoria Embankment, London, EC4Y 0JP



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 (
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.