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JPMorgan Chinese Investment Trust plc
The first investment trust to focus purely on the greater China region, the JPMorgan Chinese Investment Trust plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.
About this trust
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Fund Manager interview
February 2013
Head of the Greater China team and lead portfolio manager Howard Wang speaks about
the key objectives, features, performance and outlook for the Trust.
The first UK investment trust to focus purely on China.
Includes Hong Kong and Taiwan to broaden investment opportunity.
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 in emerging market equity.
Key risks
Investing in emerging markets may involve a higher element of risk due to
political and economic instability and underdeveloped markets and systems, and may
be illiquid.
Exchange rate changes may cause the value of underlying overseas investments
to be volatile.
Some investment trusts may have warrants or subscription shares in issue,
which if exercised may have an effect on the net asset value.
Investment trusts may utilise gearing which will exaggerate market movements
both down and up which could mean sudden and large falls in value. For further details,
please refer to the trust’s annual report and accounts.
Subscription shares
The final date for the exercise of Subscription Share Rights by Subscription Shareholders
was 15th May 2013. As the subscription shares expired “out of the money”, the majority
of holders did not convert and, consequently, there were 12,683,443 outstanding
subscription shares following the Final Exercise Date. A Final Subscription Trustee
(’Trustee’) has been appointed to act on behalf of those Subscription Shareholders
who have not exercised their Subscription Share Rights. In accordance with the Subscription
Share terms, the Trustee will have to decide within 14 days of the Final Exercise
Date, such period expiring at the latest at close of business on 29th May 2013,
whether or not to exercise the outstanding Subscription Share Rights.
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. Tax benefits and liabilities depend on individual circumstances and may change in the future.
JPMorgan Chinese Investment Trust plc
