JPMORGAN JAPAN SMALLER COMPANIES TRUST PLC
Size is not the only indicator of quality
JPMorgan Japan Smaller Companies Trust plc aims to provide access to the innovative and fast growing smaller stocks that are at the core of the Japanese economy by using a stock selection process based on extensive experience and local knowledge.
About this trust
Investment objective and policies
Aims to produce long term capital growth through investment in small and medium sized Japanese companies. Investment is permitted in Japanese quoted companies other than the largest 200 measured by market capitalization. The company has the ability to use borrowing to gear the portfolio within the range of 5% net cash to 15% geared in normal market conditions.
- Extensive company visiting and first-hand research to uncover strong growth potential.
- Benefits from J.P. Morgan's standing as one of Japan's leading foreign asset managers, with over 40 years' presence in the market.
The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.
For further risks associated with this trust please refer to the 'Risks' section below.
Points to consider
- Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
- Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
- External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
- This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
Board of Directors
In their words (as of )
The outlook for the market appears positive, as the global demand pick-up is a major tailwind for Japan due to the relatively high weight of cyclical manufacturers in the index. The domestic political situation in Japan is stable as the current government has no substantial opposition. The interest rate environment has improved for Japanese banks. Valuations remain competitive in a global context. Corporate governance continues to be a major focus in Japan. 2016 saw record share buybacks and 25% of all companies bought back shares. This increasingly looks like a structural change.
Committee Terms Of Reference
Annual General Meeting
Reports and Accounts
- 2016 Half Year Report
- 2016 Annual Report
- 2015 Half Year Report
- 2015 Annual Report
- 2014/15 Half Year Report
- 2014 Annual Report
- 2013 Half Year Report
- 2013 Annual Report
- 2012 Half Year Report
- 2012 Annual Report
- 2011 Half Year Report
- 2011 Annual Report
- 2010 Half Year Report
- 2010 Annual Report
- 2009 Half Year Report
- 2009 Annual Report
Find out more
For contact details and more information on our trust range use the following links:
Annual General Meeting: 14 July 2017 2.30pm at 60 Victoria Embankment, London, EC4Y 0JP