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

A smart move into cash

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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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

  • Angus Macpherson

  • Alan Hodson

  • James Robinson

  • Carla Stent

  • Roger Yates

  • Karl Sternberg

In their words (as of 31 Jul 2017)

The trust continues to retain its broad diversification across six of the UK's leading AAA-rated sterling liquidity funds, each selected to provide a high level of capital preservation for shareholders.

During July, the Bank of England's Monetary Policy Committee (MPC) voted in favour of keeping interest rates on hold at 0.25% and is not expected to make any changes at its next meeting. However, the MPC indicated that rates may eventually have to rise faster than anticipated. Governor Mark Carney noted that household spending has reduced, and that GDP growth is expected to remain sluggish in the near term. He also noted that inflation is above target solely due to the fall in sterling caused by the Brexit referendum result. Over time, the effect of this fall should dissipate, causing inflation to drop and reducing the drag on real incomes in the process. A modest improvement in net exports and business investment is also expected.

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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.

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.