JPMorgan Global Growth & Income plc - Ordinary Shares - J.P. Morgan Asset Management
CLOSE
JPMorgan Global Growth & Income plc
(GB00BYMKY695)

JPMORGAN GLOBAL GROWTH & INCOME PLC

A distinctive strategy for today’s markets

JPMorgan Global Growth & Income plc provides the best of both worlds. The manager focuses on investing in the best ideas from across the world’s stock market, whilst the Company delivers a predictable quarterly income distribution – set at the beginning of its financial year.

   Morningstar 5 star     

      *

 

Monthly Factsheet   Other trust documents   How to buy this trust  

Why invest Globally?

Frances Gerhold, Client Portfolio Manager, discusses the opportunities and challenges of investing in a global market.

Some of the themes discussed include:

  • What investing globally means for investors
  • Why being selective about stock choices makes a difference when investing globally
  • How do you get both income and growth?
Monthly Factsheet   Annual Report   Learn more about investing Globally  

About this trust

Risks

Performance

Performance widget loading ...

Fees

Fees widget loading ...

Portfolio

Portfolio widget loading ...

Manager Commentary

Fund Managers

Month in review

  • The Global Growth & Income Investment Trust outperformed its benchmark in September.
  • Outperformance can be attributed to stock selection in the banks and insurance sectors.
  • At the stock level, the leading contributor was Russian financial group Sberbank. Russian equities rallied this month owing to the strengthening of the ruble, with Sberbank being a key beneficiary.
  • The sectors that detracted from returns included consumer staples and technology – semi & hardware.
  • German semiconductor manufacturer Infineon was the leading detractor this month, primarily down to a profit warning from one of its largest customers, Continental, and signs of a weakening in demand.
  • At the regional level, stock selection in North America and emerging markets contributed the most, whilst stock selection in Europe excluding the UK was the leading detractor.
  • Looking ahead

  • After the very strong start to the year, we have seen a divergence in global equity returns.
  • The US has continued to outperform versus the rest of the world and the gap between the most expensive and cheapest stocks in the market, within both sectors and countries, is reaching historical extremes.
  • Economic growth remains broad-based around the world, which should support earnings globally; however, the economic momentum has certainly slowed from the highs witnessed in 2017, especially outside the US.
  • Over the shorter-term, markets will be following the trade disputes very closely. A full-blown trade war would be a major reversal of the trend toward globalisation that has underpinned markets for decades, and could have severe consequences.
  • The key question for the rest of this economic cycle remains the interplay between inflation, bond yields and the gradual reduction in monetary stimulus and how this will impact the economy, the shape of the yield curve and equity markets.
  • For the moment however, a healthy environment for the global economy and corporate profits plus reasonable valuations will keep driving equity markets forward.
  • Documents

    Research

    This Investment Trust has been reviewed by a third party agency. Contents of the external links have been prepared by third parties and do not necessarily represent the views of J.P. Morgan Asset Management. These third parties may receive a fee by the Board of Directors of this Investment Trust. J.P. Morgan Asset Management does not endorse or attest to completeness and accuracy of these contents. Reliance upon these contents is at the sole discretion of the reader.

    How to buy this trust

    Learn More

    Find out more

    For contact details and more information on our trust range use the following links:

    Contact us   View our other investment trusts   Our investment trust awards  

    Investor Insights

    Receive monthly articles, research and views from J.P. Morgan Asset Management.

    Sign up by emailRead related articles   

    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 October 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.

    *Source: Thomson Reuters Extel Pan European Survey 2010-2017.

    Past performance is not a reliable indicator of current and future results.