About this trust

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Fund Manager interview

July 2012

Fund Manager Austin Forey speaks about the key objectives, features, performance and outlook for the Trust.

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Key Features

  • Draws on a global network of 40 emerging market specialists across Asia, Latin America, Eastern Europe and Africa.
  • Aggressive approach to portfolio construction to maximise growth potential.
  • Concentrated portfolio of 50-75 stocks focuses on best ideas.
  • Strong long-term out performance against benchmark through both top-down market selection and bottom-up stock selection.

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.
  • Investments in smaller companies may involve a higher degree of risk as these are usually more sensitive to price movements.
  • 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.

About investments

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.Past performance is not a guide to the future.

Subscription shares

The JPMorgan Emerging Markets Investment Trust plc issued Subscription Shares on 11 June 2009 as a bonus issue to Ordinary shareholders on the basis of one Subscription share for every five Ordinary shares held.

Holders of JPMorgan Emerging Markets Investment Trust plc Subscription Shares can choose to convert their Subscription Shares at any time up until 31st July 2014 at the conversion price of 543 pence per share.

Find out more about these Subscription Shares and how to convert them