JPMorgan Income & Capital Trust plc - Ordinary Shares - J.P. Morgan Asset Management
JPMorgan Income & Capital Trust plc

About this trust



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Manager Commentary

Fund Managers

Board of Directors

  • Sir Laurence Magnus

  • Sian Hansen

  • Richard Hills

  • James West

  • Sarah MacAulay

In their words (as of )

The Company's net asset value outperformed the benchmark in December. Positive contributors to performance included Berkeley Group, ITV and Royal Dutch Shell. Berkeley Group, the London-focused builder of luxury apartments, built on its gains in November as it reported strong results and issued strong guidance on future profitability. ITV rallied as the advertising cycle began to pick up from its mid-year lull and the company continues to state that Brexit is having no appreciable effect on advertising budgets. Royal Dutch Shell was up in sympathy with a rising oil price. Negative contributors to performance included Novae Group, Imperial Brands and Kcom. For Imperial Brands and Kcom this was a function of uninspiring results reported in November, which continued to weigh on share prices. Lloyds insurer Novae was also weak due to badly-received results, which saw current-year profitability targets downgraded.


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AGM information

Annual General Meeting: 13 July 2017 12 noon, 60 Victoria Embankment, London EC4 0JP



Benchmark Source: FTSE International Limited ("FTSE") © FTSE 2017. "FTSE®" is a trade mark of London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
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.
6 The redemption yield or the annual percentage return on the current share price (from capital & income) from now until the wind up date assuming growth in total assets and dividends are the rates shown.
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.