JPMorgan Brazil Investment Trust plc

ISIN:GB00B602HS43 Bloomberg ticker:JPB LN

The JPMorgan Brazil Investment Trust plc is the only trust that specifically targets Brazilian companies with a focus on medium and small company opportunities, which makes it particularly well placed to benefit from domestically sourced growth as Brazil develops into one of the world's largest economies.

  • Share price -p
  • NAV* -p
  • Premium*-
For information on charges relating to this trust please check Trust factsheet.
Source: J.P. Morgan Asset Management. Share Price updates every
15 minutes, current update as - on - .
* All other figures shown are as at close of business on 25/07/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • Aims to generate total returns, primarily in the form of capital, from a portfolio primarily invested in Brazilian focused companies. The Company may also invest up to 10% in companies in other Latin American countries. Equity holdings may be reduced to a minimum of 60% of gross assets if it is considered beneficial to performance.

  • Fund facts

    • Total fund size: £27,329,021
    •  (as at 30/06/2016)
    • Benchmark: MSCI Brazil 10/40 Index (£)
    • Investment style: Growth
    • Sector: Emerging
  • Risk warnings

    The value of investments and the income from them can go down and up, and you may not get back as much as you paid in. Past performance is not a guide to the future.

    For further risks associated with this trust please refer to the 'Key risks' section below.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
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You should remember that past performance is not a guide to the future.
Source: J.P. Morgan Asset Management. Total return, net of charges and any applicable fees using cum income Net Asset Values (NAVs) debt at par with net dividend (if any) reinvested, in sterling. For detail see the Trust’s latest Report & Accounts.

Fund Managers

  • Fund Manager - Luis Carrillo
    Luis Carrillo

    Luis Carrillo is a portfolio manager and the head of the Latin America Group, with a specialisation in Mexico, within the Emerging Markets Equity Team. He joined the firm in 1998 and is based in New York. Previously, he was with several consulting firms where he offered strategic and financial advice concerning Latin America and Asia. Luis holds a B.S. degree in engineering and a graduate degree in industrial engineering from the Universidad Anahuac in Mexico. He holds an M.B.A. in finance from the Wharton School of the University of Pennsylvania.

  • Fund Manager - Sophie Bosch De Hood
    Sophie Bosch de Hood

    Sophie Bosch de Hood, executive director, is a regional portfolio manager for Latin America portfolios, with a specialisation in Brazil, within the Emerging Markets Equity Team based in New York. Sophie joined the firm in 1999 in the client side and in 2001 transitioned to work in research covering consumer and industrial companies in Latin America and EMEA. Sophie holds a B.A. in Business Management from the Wharton School and a B.S. in International Relations from the College of Arts and Science at the University of Pennsylvania. She speaks Spanish, English and Portuguese fluently.

Important information

Key attributes
  • One of the only available closed ended routes open to UK investors to invest in the Brazilian market.
  • Access to the world's 7th largest economy*.
  • Rising domestic investment as Brazil plays host to the 2014 World Cup and 2016 Olympic Games.
  • A transformed economy – 36 million new members of the middle class in the last decade driving domestic consumption and growth**.
  • The Company will measure its performance against the MSCI Brazil 10/40 Index (in Sterling).

* World Development Indicators, The World Bank, May 2014

**Brazilian Government Study November 2012, second issue of the 'Voices of the Middle Class' series.

Essential information

Shares and debentures (if any) in an investment trust are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products, therefore investment trust products can be marketed to retails investors directly or via independent financial advisers.

Charges

For information on charges relating to this trust please check the Trust factsheet.

Key risks
  • Exchange rate changes may cause the value of underlying overseas investments to go down as well as up.
  • Investments in emerging markets may involve a higher element of risk due to political and economic instability and underdeveloped markets and systems. Shares may also be traded less frequently than those on established markets. This means that there may be difficulty in both buying and selling shares and individual share prices may be subject to short-term price fluctuations.
  • External factors may cause an entire asset class to decline in value. Prices and values of all shares or all bonds could decline at the same time.
  • This trust may utlilise gearing (borrowing) which will exaggerate market movements both up and down.
  • This trust may also invest in smaller companies which may increase its risk profile.
Annual and half year reports
Annual general meeting

Date: 7th September 2016
Time: 2:00 pm
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2015

Proxy Voting as at:

11 September 2015 - AGM

12 September 2014 - AGM

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