JPMorgan Global Emerging Markets Income Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan Global Emerging Markets Income Trust plc
(GB00B5ZZY915)

JPMORGAN GLOBAL EMERGING MARKETS INCOME TRUST PLC

Take a closer look at emerging markets

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

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Monthly Factsheet   Other trust documents   How to buy this trust  

Why invest in Emerging Markets?

Emily Whiting, Client Portfolio Manager, discusses the opportunities and challenges of investing in Emerging Markets.

Some of the themes discussed include:

  • How the rise of technology, frontier markets and consumerism is changing the emerging markets
  • Finding the right emerging market opportunities
  • What happens when an emerging market emerges
Monthly Factsheet   Annual Report    Learn more about investing in Emerging Markets   

About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Month in review

  • November saw the trust give back some of its strong year-to-date excess returns in a more difficult month.
  • Within China, Alibaba and Tencent delivered double-digit returns through the month, meaning the portfolio faced an internet headwind. We have been building up China exposure over recent months in reaction to general share price weakness – and on this basis it was pleasing to see one new addition, COLI, as the top contributor. It was notable that A-shares underperformed Hong Kong-listed China stocks over the month, which was unhelpful for the portfolio, with its meaningful A-share tilt. This has been driven by being able to find more dividend-paying quality stocks in this area of the market.
  • Currently the portfolio has a small underweight to the Chinese market, which masks a positive tilt towards those attractive dividend stocks in China and a zero weight in the internet stocks.
  • The long-standing structural underweight position in India also negatively impacted performance as the market saw strong returns, helped by a bounce in the currency; performance was also impacted by negative stock selection, in particular certain large stocks that we do not own as they do not meet income criteria.
  • Looking ahead

  • The recent recovery in emerging market (EM) and Asian stocks reflects more equity-friendly assumptions about the path of Federal Reserve rate hikes and the prospects for productive trade negotiations between the U.S. and China. We believe these developments are fundamentally bullish and may support a continued rebound in EM stocks in the near term.
  • This year’s market volatility is a reminder that sentiment can change quickly and that timing the significant swings that can result is quite difficult.
  • We continue to advocate taking a long-term view on the growth opportunity and use periods of weakness to build exposure
  • Documents

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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.

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

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

    Moneyfacts award as at: 17 October 2017. ©2017 Moneyfacts Group plc. 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.