JPMorgan Chinese Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan Chinese Investment Trust plc
(GB0003435012)

JPMORGAN CHINESE INVESTMENT TRUST PLC

Strategic thinking for Chinese markets

The JPMorgan Chinese Investment Trust plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.

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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

  • William Knight

  • Kathryn Matthews

  • John Misselbrook

  • Oscar Wong

  • David Graham

In their words (as of 31 Oct 2017)

The Chinese Investment Trust significantly outperformed the benchmark, driven primarily by strong stock selection. Sector allocation had little impact on returns. Select financials exposures contributed to performance most, led by Ping An Insurance as it benefited from rising rates and solid first-half results. Positions in the independent private bank Noah Holdings and the mid-sized China Merchants Bank also added value. In addition, structural growth holdings contributed. Technology stocks Hangzhou Hikvision and Shenzhen Sunway, both A-shares, added value on the back of strong results for the former and a rebound in Apple supply chain names for the latter. Consumer exposures in the electric power steering systems manufacturer Nexteer Automotive and the premium liquor brand Kweichow Moutai also worked well. Meanwhile, underweight exposures to large banks, including ICBC and China Construction Bank, detracted from returns as both rallied, improving asset quality. Macau names gave back gains this month on investor concerns about potentially slower October Golden Week gross gaming revenue. Overweights in Sands China, Galaxy Entertainment and MGM China also detracted. The corporate earnings outlook remains positive on the back of domestic and external macroeconomic conditions, as well as improving industry structures. We continue to be overweight in consumer, technology and healthcare.

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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.

J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co and its affiliates worldwide. You should note that if you contact J.P. Morgan Asset Management by telephone those lines may be recorded and monitored for legal, security and training purposes. You should also take note that information and data from communications with you will be collected, stored and processed by J.P. Morgan Asset Management in accordance with the EMEA Privacy Policy which can be accessed through the following website www.jpmorgan.com/pages/privacy.

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.

*Morningstar Analyst rating, FE Crown rating as at 01 November 2017.

Source: Morningstar (www.morningstar.co.uk)

Morningstar Ratings™: © 2017 Morningstar. All rights reserved.

FE Crown Fund Ratings © 2017 FE. All rights reserved.

Moneyfacts award as at: 17 November 2017. ©2017 Moneyfacts Group plc. All Rights Reserved.