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 30 Sep 2017)

The trust's NAV performed in line with the index in September, while the market outperformed the broader emerging markets asset class. Stock selection was strongest in the consumer discretionary sector. Our position in Kroton Educacional, a leading educational services company, increased following optimistic comments by management regarding organic growth opportunities (distance learning and on-campus expansion). Also within the Consumer space, our holding in Lojas Renner, a leading department store retailer, contributed as the company benefits from improving consumer confidence. Elsewhere, our exposure to Fleury, a healthcare name in the clinical laboratory business, weighed on results. The stock underperformed as the private equity firm Advent sold its stake in the company The growth outlook in Brazil continues to improve, albeit gradually, with the support of successive rate cuts by the central bank. More importantly, discussions around potential privatisations and the likelihood that President Temer and his economic team will serve out their term have boosted our conviction that Brazil is serious about fiscal sustainability.

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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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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.