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JPMorgan Japanese Investment Trust plc
(GB0001740025)

JPMORGAN JAPANESE INVESTMENT TRUST PLC

Invest in the next generation of Japanese ideas

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 attractively valued Japanese investment themes and companies.

  

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Monthly Factsheet   Other trust documents   How to buy this trust  

Why invest in Japan?

Nicholas Weindling, Fund Manager of JPMorgan Japanese Investment Trust plc discusses the opportunities and challenges of investing in Japan.

Some of the themes discussed include:

  • Japan market trends
  • Changing demographics of consumers
  • Importance of having a Tokyo presence
Monthly Factsheet   Annual Report    Learn more about investing in the Far East  

About this trust

Risks

Performance

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Portfolio

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Manager Commentary

Fund Managers

In their words (as of 31 May 2018)

The trust outperformed the benchmark index in May, although Japanese equities declined in local currency terms. Despite strong business results from Japanese companies in the fiscal year 2017, which were released during the month, the index was dragged down from mid-May due to weaker-than-expected January-to-March GDP numbers as well as overseas risk concerns, including US-China trade friction and the political situation around North Korea. The Japanese yen's appreciation against the US dollar also weighed heavily on the market. This was volatile over the month, and stock-specific factors gained the market's focus, creating a positive environment for the trust. Positive contributions came primarily from stock selection. Our high conviction overweight positions in Shiseido (cosmetics) and Recruit (staffing agency) were the largest positive contributors. Our long-standing overweight position in M3 (online medical information services provider) also added value as the share price continued to advance, backed by its strong business momentum. At the sector level, our underweight to the land transportation sector detracted, as defensive stocks were supported over the month and the trust had no exposure within the sector.

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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.

*Morningstar Analyst rating and FE Crown rating as at 01 May 2018.

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

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

FE Crown Fund Ratings © 2018 FE. All rights reserved.

Moneyfacts award as at: 17 November 2017. ©2017 Moneyfacts Group plc. All Rights Reserved.

Money Observer Ratings: Moneywise Publishing Ltd ©2018. All rights reserved.

Moneywise Investment Trust awards as at: 28 March 2018. Moneywise Publishing Ltd ©2018. All Rights Reserved.