JPMorgan Japanese Investment Trust plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan Japanese Investment Trust plc
(GB0001740025)

JPMORGAN JAPANESE INVESTMENT TRUST PLC

Next generation Japanese ideas

The JPMorgan Japanese Investment Trust plc benefits from our expertise gained as one of Japan’s leading foreign asset managers, with over 40 years’ experience in seeking out the most attractively valued Japanese stocks.

  

 

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About this trust

Risks

Performance

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Fees

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Portfolio

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Manager Commentary

Fund Managers

Board of Directors

  • Andrew Fleming

  • Sir Stephen Gomersall KCMG

  • Christopher Samuel

  • Stephen Cohen

  • George Olcott

In their words (as of 30 Jun 2017)

The Company's share price outperformed the benchmark in June, while the net asset value performed in line. Japan Exchange Group (stock exchange) and Lifull (real estate website) were among the top contributors, while CyberAgent (internet advertising) and SUMCO (wafers) were the main detractors, due to profit taking.

Steady global demand is a tailwind for the Japanese equity market 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. Corporate earnings continue to show a strong underlying trend and valuations remain competitive in a global context. Corporate governance continues to be a major focus in Japan - 2016 saw record share buybacks, with 25% of all companies buying back shares, and this increasingly looks like a structural change.

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AGM information

Annual General Meeting: 14 December 2016 2.00pm at 60 Victoria Embankment, London, EC4Y 0JP.

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Important information

This is a promotional page and as such the views contained herein are not to be taken as 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 on this page 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 at the date of publishing. They are considered to be reliable at the time of publishing, 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 is not a reliable indicator to 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. You should note that if you contact J.P. Morgan Asset Management by telephone those lines may be recorded and monitored for legal, security and training purposes. You should also take note that information and data from communications with you will be collected, stored and processed by J.P. Morgan Asset Management in accordance with the EMEA Privacy Policy which can be accessed through the following website www.jpmorgan.com/pages/privacy.

Investment is subject to documentation (Investor Disclosure Document, Key Features and Terms and Conditions), copies of which can be obtained free of charge from JPMorgan Asset Management Marketing Limited. Issued by JPMorgan Asset Management Marketing Limited which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 288553. Registered address: 25 Bank St, Canary Wharf, London E14 5JP.

3 Gearing represents the excess amount above shareholders' funds of total investments (excluding liquidity fund holdings) expressed as a percentage of the shareholders' funds. If the amount calculated is negative, this is known as a "net cash" position.
4 Net asset value assumes that shares held in treasury (if any) have been re issued at the previous nights closing price. 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.
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.