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

JPMORGAN GLOBAL CONVERTIBLES INCOME FUND LIMITED

Winning strategies can transform portfolios

The only closed ended fund investing in a portfolio of global convertible securities with a focus on income.

 

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About this trust

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Performance

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Manager Commentary

Fund Managers

Board of Directors

  • Simon Miller

  • Gailina Liew

  • Paul Meader

  • Philip Taylor

In their words (as of 30 Jun 2017)

The trust delivered a positive share price and net asset return. Sector performance was generally positive, although we continued to see underperformance from energy names as the price of oil fell to a four-month low after data showed US crude inventories rising faster than expected. The fund was hurt by holdings in Weatherford and Ensco, both US oil companies. The poor performance of these names was countered by our exposure to Teva Pharmaceuticals, a US pharmaceutical company, which benefited from a softening of rhetoric from the Trump administration on drug prices. The stronger first-quarter corporate results season reaffirmed our view of a synchronised global recovery in earnings after several years of stagnation. Corporate and consumer sentiment remains high and there continues to be positive momentum globally in analyst corporate earnings revisions. This environment should prove supportive for equity and convertible bond investing.

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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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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.

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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.
4 Net asset value assumes that shares held in treasury (if any) have been re issued at the previous nights closing price. 4 Due to the currently low net asset value and high gearing of the share class, the NAV performance numbers are extremely volatile and therefore none are disclosed.
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.