JPMorgan Elect plc - Managed Cash - J.P. Morgan Asset Management
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JPMorgan Elect plc - Managed Cash
(GB0034080092)

JPMORGAN ELECT PLC - MANAGED CASH

Investments should be played to your advantage

The trust allows the preservation of capital with a yield based on short term interest rates by investing in a range of Sterling liquidity funds. It is designed to look after cash during a temporary move out of the markets from JPMorgan Elect Managed Growth or JPMorgan Elect Managed Income.

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Manager Commentary

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In their words (as of 31 May 2018)

The Bank of England kept interest rates at 0.5% and the Asset Purchase Programme unchanged in May. Comments from the Bank of England in its mid-month meeting included an estimate that the consumer price index inflation figure will fall back to target quicker than previously expected, reaching the target in two years. However, UK economic data continued to be disappointing, with the initial first-quarter GDP data coming out below already low estimations. Quarter-over-quarter GDP growth was 0.1%, which was below the fourth-quarter 2017 figure of 0.4%. The trust continues to retain its broad diversification across a range of the UK's leading AAA-rated sterling liquidity funds, each selected to provide a high level of capital security for shareholders. Poor economic data meant that a May rate hike by the Bank of England did not materialise. The issue continues to be that although the data reflects strong employment growth, this has yet to feed through to stronger, sustained wage growth to boost inflation. With this mixed backdrop set to continue in the near-term, the market is now pricing in a single rate hike later this year.

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Important information

This is a marketing communication and as such the views contained herein are not to be taken as an 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 in this document 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 own at the date of this document. They are considered to be reliable at the time of writing, 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 and yield are not reliable indicators of 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. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy.

Investment is subject to documentation. The Investor Disclosure Document, and Key Features / Terms & Conditions can be obtained free of charge from JPMorgan Asset Management (UK) Limited, and the Key Information Document can be obtained from JPMorgan Funds Limited or www.jpmam.co.uk/investmenttrust. This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP.

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

Moneywise Investment Trust awards as at: 28 March 2018. Moneywise Publishing Ltd ©2018. All Rights Reserved.