JPMorgan Elect plc - Managed Growth - J.P. Morgan Asset Management
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JPMorgan Elect plc - Managed Growth
(GB0008528142)

JPMORGAN ELECT PLC - MANAGED GROWTH

Investments should be played to your advantage

JPMorgan Elect Managed Growth aims for long-term capital growth from an internationally diversified portfolio invested in investment trusts and open ended funds principally managed by J.P. Morgan Asset Management.

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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 30 Sep 2017)

The trust delivered a negative net asset and share price return in September, with the latter underperforming the benchmark. Our US strategies weighed on performance, in particular the JPM US Select Equity Fund and JPM American Investment Trust, as the strong pound reduced returns on foreign investments. Elsewhere, our UK strategies also detracted from absolute performance as the political outlook in the UK remains highly uncertain and the economic outlook not much clearer. Summer worries over geopolitics and a period of weaker US inflation data are amply offset by the continued and synchronised pick-up in global growth. Despite the relative maturity of the US business cycle, recession risks remain muted and a combination of global earnings upgrades and loose financial conditions are supportive for stocks. Equity returns in late cycle are typically positive unless financial conditions tighten sharply. The slow pace of rate normalisation and lack of inflation pressure create a good environment for equity returns, but we remain watchful for any deterioration in data, in particular employment, business confidence and consumer lending metrics. For investment trusts, we would note that discounts to net asset value have come in, and this warrants some caution, but that in a favourable environment for equities these levels of valuation should not be cause for concern.

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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.

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