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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Portfolio

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Manager Commentary

Fund Managers

Month in review

  • The trust had negative performance in October and underperformed the benchmark.
  • All regions detracted from performance as equity markets entered a fully-fledged risk-off environment in October.
  • Exposure to the UK was the greatest detractor from absolute and relative performance as growth stocks were down across the region and underperformed the broader index.
  • The fund's North American strategies were the second-largest detractor from absolute performance.However, corporate fundamentals are still robust and recent economic projections look solid, with healthy consumer spending, strong growth in inventories, and credit spreads remaining in check.
  • Looking ahead

  • Equity markets have sold off sharply for the second time this year, raising concerns that we are approaching the end of one of the longest bull markets in history. The latest selloff has highlighted the long dominance of the growth style over value, U.S. tech outperformance and the divergence between the U.S. and the rest of the world, and may be a sign that the momentum trade is ending.
  • However, we continue to see sufficient growth in profits to keep markets going in the face of higher interest rates, and after the latest setback valuations in many places look quite attractive.
  • Profitability remains healthy and although economic momentum has certainly slowed from the highs witnessed in 2017, it remains broad-based around the world, which should support earnings globally.
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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.

    Morningstar Ratings™: © 2018 Morningstar. All rights reserved.

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

    Past performance is not a reliable indicator of current and future results.