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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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.

 

Monthly Factsheet   Other trust documents  
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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 April. Sector performance was generally positive with the notable exception of energy names, which underperformed as US supplies rose more than expected and doubts regarding OPEC's efficacy emerged. The portfolio continued to benefit from our large allocation to financials and industrials. In particular, our European holdings had a strong month as they responded to positive developments surrounding the French presidential election.

As we move further into 2017, global economic conditions continue to improve. Stronger economic growth, recovering commodity prices and a gradual move towards a normalisation of interest rates is contributing to rising bottom-up earnings expectations and positive analyst estimate revisions. Despite seeing some weakness in inflation data, we are confident that rates will continue on their upward trajectory and convertibles will continue to outperform.

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

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 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. 4 Net asset value assumes that shares held in treasury (if any) have been re issued at the previous nights closing price.
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.