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

In their words (as of )

The Company's net asset value performed in line with the benchmark in January, while the share price underperformed. Smartphone component suppliers continued to do well in the month. Our overweights in AAC Technologies and Largan Precision contributed positively. Our holding in JD.com also added value, as the e-commerce stock rebounded on the ongoing depreciation in the renminbi. China Resources Gas also rose as natural gas distributors enjoyed a relief rally on the back of a recovery in demand. A lack of exposure to large cap banks China Construction Bank and ICBC also added value. Meanwhile, several technology positions detracted from performance. The lack of position in NetEase hurt returns on the back of continuing strength in its existing mobile game. Silicon Motion Technology also fell on disappointing guidance. The portfolio's overweight in Wangsu Science & Technology struggled as the stock corrected on poor earnings. A few other secular growth names also negatively impacted performance, including Beijing OriginWater and IMAX China.

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AGM information

Annual General Meeting: 31 January 2017 11.30am at 60 Victoria Embankment, London, EC4Y 0JP

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Disclaimer

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 Actual gearing: Represents the excess amount above shareholders' funds of total assets less cash/cash equivalents, expressed as a percentage of shareholders funds. If the amount calculated is negative, this represents 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.