JPMorgan Global Convertibles Income Fund ltd - ordinary shares - J.P. Morgan Asset Management
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JPMorgan Global Convertibles Income Fund Limited
(GG00B96SW597)
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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

  • Simon Miller

  • Philip Taylor

  • Paul Meader

In their words (as of )

The Company delivered a positive share price and net asset value return in December. We benefited from stock selection in Europe, in particular holding Telecom Italia and other European communication names, as the region reacted to positive data releases. Financials, consumer non-cyclicals and basic materials also contributed positively to performance in what was a strong month for all sectors. Our stock selection in the US detracted, as industrial names struggled. Based on rhetoric from the Trump administration, we expect further economic weakness to be addressed through fiscal rather than monetary policy, which increases the risk of inflation overshooting and is generally negative for duration assets. This guidance, combined with gradual Federal Reserve tightening, further supports our view that the low duration profile and equity market sensitivity of convertibles should lead them to outperform straight bonds.

Documents

Research

This Investment Trust has been reviewed by a third party agency. Contents of the external links have been prepared by third parties and do not necessarily represent the views of J.P. Morgan Asset Management. These third parties may receive a fee by the Board of Directors of this Investment Trust. J.P. Morgan Asset Management does not endorse or attest to completeness and accuracy of these contents. Reliance upon these contents is at the sole discretion of the reader.

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Disclaimer

Reference Index 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 ifnotified 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.