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

JPMORGAN GLOBAL CONVERTIBLES INCOME FUND LIMITED

Winning strategies can transform portfolios

JPMorgan Global Convertibles Income Fund Limited strives on generating returns and delivering income from credit rates and stocks markets, providing investors with access to wider growth opportunities than are produced by stock markets alone.

   Morningstar 4 star     *

 

Monthly Factsheet   Other trust documents   How to buy this trust  

About this trust

Risks

Performance

Performance widget loading ...

Fees

Fees widget loading ...

Portfolio

Portfolio widget loading ...

Manager Commentary

Fund Managers

In their words (as of 31 May 2018)

The company delivered a positive net asset return in May, outperforming the benchmark, with performance being driven by both a positive equity and credit effect on the fund. On an absolute basis, our holdings in the energy space were the greatest contributors, with names like Ensco and Chesapeake Energy particularly worth mentioning. Financials were the greatest detractors from absolute performance, with our Asian banking and real estate names having a difficult month. The company is positioned with a large weighting towards North America, which was the best-performing region on an absolute basis as data releases continued to highlight the strength of the US economy. Europe was the greatest detractor from regional performance as the political situation weighed on investor sentiment and returns for the region. A prolonged increase in equity market volatility, combined with what we expect to remain a supportive macroeconomic backdrop, could benefit the asset class by increasing the value of the option that is embedded in a convertible bond. In this environment, where equity valuations remain high and credit spreads are historically tight, we look to continue to take profits on names that are doing well in order to reinvest in securities that are more attractive from both a yield and asymmetric return point of view.

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.

Annual General Meeting and General / Class Meeting

How to buy this trust

Learn More

Find out more

For contact details and more information on our trust range use the following links:

Contact us   View our other investment trusts   Our investment trust awards  

Investor Insights

Receive monthly articles, research and views from J.P. Morgan Asset Management.

Sign up by emailRead related articles   

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.

*Morningstar Analyst rating as at 01 May 2018.

Source: Morningstar (www.morningstar.co.uk)

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

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

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