JPMorgan Income & Growth Investment Trust plc - Capital - J.P. Morgan Asset Management
JPMorgan Income & Growth Investment Trust plc

About this trust



Performance widget loading ...


Fees widget loading ...


Portfolio widget loading ...

Manager Commentary

Fund Managers

In their words (as of 31 Aug 2016)

The Company's share price and net asset value underperformed the benchmark in August. Domestic sectors most negatively affected by the referendum result staged a price recovery in the month. The housebuilders we own are now up 45% on average from their recent lows, while Next is up 60% and ITV is up 47%. We believe that these share price recoveries are justified by a slew of reassuring trading statements as well as by the valuation opportunities they offer. For example, Berkeley Group has recently released a trading statement, indicating that trading is in line with pre-referendum levels and reiterating profit and dividend guidance for the next three years. We believe that the stock, which yields over 7%, remains an attractive investment opportunity. Conversely, the large gains registered by internationally-exposed names—including miners—have been eroding, especially in relative terms.


Learn More

Find out more

You can get in touch by phone and email or view frequently asked questions.


AGM information

Annual General Meeting 2017: details TBC

View other investment trusts


Benchmark Source: FTSE International Limited ("FTSE") © FTSE 2016. "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.
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.
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.