Edison Investment Research - JPMorgan Global Growth Income PLC (JGGI) JPMorgan Global Growth Income - Strong long-term capital growth

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Edison Investment Research

Mel Jenner

JPMorgan Global Growth & Income - Strong long-term capital growth

JPMorgan Global Growth & Income (JPGI) is managed by Jeroen Huysinga, using J.P. Morgan Asset Managementâ€™s (JPMAMâ€™s) global focus investment process. He aims to generate long-term capital growth from a portfolio of 50-90 equities that is diversified by geography and sector. The manager notes that stock market leadership has been narrow, led by growth and momentum stocks, which has been detrimental to JPGIâ€™s investment performance in recent months (although the trust continues to outperform most of its peers in the AIC Global Equity Income sector). Huysinga is â€˜sticking to his knittingâ€™, buying undervalued stocks, as over the long term, cheaper companies have generated superior share price annual returns. The trustâ€™s higher dividend policy, initiated in July 2016, appears to have found favour with investors, as JPGIâ€™s discount has closed and its shares now regularly trade close to NAV.

31/08/2018 10 EN

Underlying

JPMorgan Global Growth & Income PLC

JPMorgan Global Growth & Income is an investment trust company. Co.'s business is investing in financial assets with a view to profiting from their total return in the form of income and capital growth. Co. invests in a diversified portfolio of companies. Co. manages liquidity and borrowings to increase potential sterling returns to shareholders. Co. is managed by JPMorgan Funds Limited. As of June 30 2017, Co. had total investments of £401.0 million.

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GB00BYMKY695 London Stock Exchange United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Mel Jenner

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JPMorgan Global Growth & Income - Strong long-term capital growth

JPMorgan Global Growth & Income - Income and outperformance in uncertain times

JPMorgan Global Growth & Income - JPM Elect merger strengthens investment case

JPMorgan Global Growth & Income - Stock selection skills delivering strong performance

Headlam Group - Strategy for growth in tougher market

Lithium Power International - Termination of coverage

paragon - Termination of coverage

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