JPMorgan Chinese Investment Trust plc

ISIN:GB0003435012 Bloomberg ticker:JMC LN

The JPMorgan Chinese Investment Trust plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.

  • 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 24/08/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • The Company aims to provide long term capital growth by investment in companies which are quoted on the stock exchanges of Hong Kong, China and Taiwan or which derive a substantial part of their revenues or profits from these territories. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions.

  • Fund facts

    • Total fund size: £175,798,072
    •  (as at 31/07/2016)
    • Benchmark: MSCI China (Net Dividends Reinvested)
    • 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
 
817083bf-240e-4317-9194-bad6b9ca5fff

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 - Howard Wang
    Howard Wang

    Howard Wang, managing director, is a regional investment manager and head of the Greater China team which forms part of the Pacific Regional Group (PRG) in Hong Kong. In his role as head of Greater China, he manages portfolios investing in the China, Taiwan and Hong Kong markets, while also leading and coordinating the investment process for the PRG's Greater China-dedicated portfolio managers in both Hong Kong and Taipei. He also serves as the primary advisor and liaison with the investment team at JPMAM's Shanghai-based joint venture China International Fund Management.

  • Fund Manager - Emerson Yip
    Emerson Yip

    Emerson Yip , managing director, is an investment manager and Hong Kong specialist with the Greater China team, which forms part of the Pacific Regional Group in Hong Kong. He joined the firm in 2006 after eight years at Newbridge Capital where he was a director responsible for managing funds dedicated to private equity investment opportunities throughout Asia.

  • Fund Manager - Shumin Huang
    Shumin Huang

    Shumin Huang, managing director, is an investment manager and China country specialist with the Greater China team which forms part of the Pacific Regional Group in Hong Kong. She joined the firm in 2006 after eight years at Goldman Sachs, where she was managing director and head of the Asia-Pacific Energy and Chemicals team. Shumin began her career in 1992 when she joined UBS Taiwan as a research analyst in steel and financials, and transferred to Hong Kong in 1996 as director and head of Asia-Pacific chemical research in 1996.

  • Fund Manager - William Tong
    William Tong

    William Tong, managing director, is an investment manager with the Greater China team which forms part of the Pacific Regional Group and took up current position as the chief investment officer in Taiwan in February 2009. He joined the firm in 2008. Immediately before joining the firm William spent eleven years with Goldman Sachs. He began his career with Goldman Sachs in Singapore as an executive director of European equity sales and was later appointed as head of Singapore equities sales desk in 2003. He moved to Taiwan in 2005 and was appointed head of Taiwan equities sales. William began his investment career in 1994 with Kay Hian James Capel with the European / Asian equity sales team. William obtained a Bachelor of Business Administration from the National University of Singapore.

Important information

Key attributes
  • The first UK investment trust to focus on the Greater China Region.
  • Investment team based locally in Hong Kong, Shanghai and Taiwan.
  • Strong focus on first-hand company visiting and research to discover attractively-valued stocks.
  • Benefits both from J.P. Morgan's extensive presence in Asia and extensive experience investing within the far east.
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.
  • This fund may use derivatives for investment purposes or for efficient portfolio management.
  • 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.
Awards

Chinese IT Award

Annual and half year reports
Annual general meeting

Date: January 2017 [TBC]
Time: 11:30 am
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2016

Proxy Voting as at:

21 January 2016

22 January 2015

24 January 2014

18 January 2013

14 December 2011

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