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

JPMORGAN RUSSIAN SECURITIES PLC

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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.

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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 31 Jul 2017)

Russian equities again underperformed the wider emerging markets asset class as US Congress moved to pass additional economic sanctions against Russia. However, the Trust performed in line with its index over the month. Stock selection in the energy sector weighed on relative returns, led by our off-benchmark exposure to Nostrum Oil & Gas, a Kazakhstani exploration and production company. The stock fell materially on the back of lower-than-expected second-quarter sales volumes. Stock selection was strongest in the financial sector, in particular our lack of exposure to VTB Bank, which has been targeted by US sanctions. We do not own this company due to capital allocation concerns, preferring the quality and market leadership of Sberbank. Our lack of exposure to utility company Inter RAO also added to relative returns. The stock failed to keep pace with the broader market as a result of weaker-than-expected second-quarter results.

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.

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AGM information

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

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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.

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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.