The Company aims to deliver dividend income with the potential for long term capital growth, from investing in a globally diversified portfolio of convertible securities.
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.
Cumulative performance of an original investment of £100.
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.
Antony Vallee is a senior portfolio manager in the Asset Management Solutions – Global Multi-Asset Group (AMS – GMAG), based in London, with primary responsibility for convertible bond portfolios. He is a member of the Global Strategy Team, responsible for deciding asset allocation for the AMS - GMAG's balanced portfolios. An employee since 2006, Antony previously was head of convertible arbitrage and equity linked strategies at SYSTEIA Capital Management, responsible for investment strategy including gamma trading, convertible as well as credit arbitrage, and directional investments. Prior to this, Antony worked as a fixed income and convertible bond asset manager at HSBC Asset Management. Antony obtained an MSc in Finance from the HEC School of Management at the University of Montreal, and graduate and post-graduate degrees in Applied Mathematics and Economics from the University of Lyon and is a CFA charterholder.
Natalia Bucci, executive director, is a portfolio manager in the Asset Management Solutions – Global Multi-Asset Group, based in London, focusing on convertible bond portfolios. An employee since 2005, she previously worked in the Investment Strategy Group in Private Wealth Management at Goldman Sachs. Natalia obtained a BA in Economics from the Luigi Bocconi University, a Masters in Finance from Princeton University and is a CFA charterholder.
Robin Dunmall, vice president, is a junior portfolio manager in the Asset Management Solutions - Global Multi-Asset Group, based in London, focusing on convertible bond portfolios. An employee since 2008, Robin joined the firm as a graduate trainee having obtained a BA (Hons) in Economics from the University of Cambridge and is a CFA charterholder.
Shares in this investment fund are not subject to the Financial Conduct Authority's (FCA) restrictions for marketing Non-mainstream Pooled Investment products and can be marketed to retail investors directly or via Independent Financial Advisers.
The shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because the company would qualify as an investment trust if the company was based in the UK.
For information on charges relating to this trust please check the Trust factsheet.
An investment in the shares of JPMorgan Global Convertibles Income Fund Limited carries a number of risks, including the risk that the entire investment may be lost. Not all risks associated with such an investment are set out above. Potential investors should carefully review the prospectus and the risk factors set out therein.
For illustrative purposes only. This figure is not intended to imply that the price of stock will rise constantly in any market or that the bonds will remain stable in all circumstances.
A convertible is typically a bond with an embedded option which allows it to be swapped for a company's shares on prescribed terms. In practice, convertibles perform like debt-equity hybrids exhibiting bond-like characteristics, providing income in normal and falling equity markets, but growing like an equity when share prices rise.
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