JPMorgan Russian Securities plc - Ordinary Shares - J.P. Morgan Asset Management
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JPMorgan Russian Securities plc
(GB0032164732)
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JPMORGAN RUSSIAN SECURITIES PLC

Uncover the value

JPMorgan Russian Securities plc is the only investment trust providing pure exposure to the ongoing transformation of the Russian economy. The trust is managed by a dedicated team with first-hand knowledge of this complex market.

Monthly Factsheet   Other trust documents  
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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

  • Gill Nott

  • Alexander Easton

  • Robert Jeens

  • George Nianias

  • Tamara Sakovska

In their words (as of )

The Company's net asset value outperformed the benchmark in April, while the share price underperformed. Stock selection in the consumer staples sector and an off-benchmark financials position aided returns, while stock selection in telecommunications detracted. Stock selection in consumer staples was strong, driven by our off-benchmark exposure to X5 Retail, the second-largest retailer in Russia. The stock outperformed the broader market on the back of better-than-expected first-quarter 2017 earnings, driven by lower-than-expected costs. Our off-benchmark exposure to TBC Bank also added to relative returns. TBC, the largest bank in Georgia, rose on the back of expectations for strong first-quarter numbers. Conversely, stock selection in telecommunications weighed on relative returns, in large part due to our exposure to MegaFon, one of the largest mobile phone operators in Russia. The stock reacted negatively to relatively weak earnings guidance provided by management.

Documents

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

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AGM information

Annual General Meeting: Date and venue of 2018 AGM to be confirmed.

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Disclaimer