JPMorgan Global Emerging Markets Income Trust plc

ISIN:GB00B5ZZY915 Bloomberg ticker:JEMI LN

The only investment trust which provides investors with a dividend income combined with the potential for long-term capital growth from investing in a diversified portfolio of emerging markets investments.

  • 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 on22/07/2016 using the cum income NAV per share with debt at fair value.

About this trust

  • Investment objective

    • Aims to provide a dividend income, together with the potential for long-term capital growth from Emerging Markets investments by outperformance of the MSCI Emerging Markets Index. The company will predominantly invest in quoted companies although, where appropriate, it may invest in other types of securities. The company has the ability to use borrowing to gear the portfolio to up to 20% of net assets where appropriate.

  • Fund facts

    • Total fund size: £352,262,719
    •  (as at 30/06/2016)
    • Benchmark: MSCI Emerging Markets Net Index (Total Return)
    • Investment style: Income
    • 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.


Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr

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

  • Omar Negyal

    Omar Negyal, executive director, is a portfolio manager within the Emerging Markets and Asia Pacific Equities Team, based in London. An employee since 2012, Omar joined the firm with 14 years of experience in Emerging Markets gained through previous analyst and portfolio management roles at HSBC Global Asset Management, Lansdowne Partners and F&C Asset Management. Omar has an MA, MEng in Chemical Engineering from the University of Cambridge and is a CFA Charterholder.

  • Richard Titherington

    Richard Titherington, managing director, is the chief investment officer and head of the Emerging Markets and Asia Pacific (EMAP) Equities team based in Hong Kong. An employee since 1986, Richard was part of the Pacific Regional Group from 1994. He was appointed as a managing director in April 2001 and appointed head of the global emerging markets business in December 2001. Prior to 1994 Richard was a US and international pension fund manager, working in the UK until he transferred to Hong Kong in 1992. Before joining the firm, Richard spent two years as an analyst with UKPI in London. Richard obtained an M.A. in politics, philosophy and economics from Oxford University.

  • Amit Mehta

    Amit Mehta is a portfolio manager responsible for Global Emerging Markets portfolios based in London. An employee since 2011, Amit previously worked at Prusik Investment Management (2009-2011) and Atlantis Investment Management (2007-2009) where he was an Asian equities Analyst and Portfolio Manager. Prior to that he was a Global Emerging Markets Analyst at Aviva Investors (2004-2007) and an Investment Consultant at Mercer Investment Consulting (2000-2004). Amit obtained a Bsc (Hons) in Mathematics from Kings College London. He is a holder of the CFA designation.

Important information

Key attributes
  • Investment objective to deliver a combination of capital growth and a diversified source of income.
  • The Company predominantly invests in listed equities but has the flexibility to invest in other types of investment, including, but not limited to, unlisted equities, convertible securities, preference shares, debt securities, cash and cash equivalents.
  • The Company is free to invest in any particular market, sector or country in the Global Emerging Markets universe.
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.


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 trust may invest in non investment grade bonds which increases the capital risk and have an adverse effect on the performance of funds which invest in them.
  • Where permitted, a trust may invest in other investment trusts that utilise gearing (borrowing) which will exaggerate market movements both up and down.
  • For income funds/shares - Dividend income is not guaranteed and will fluctuate.
  • Investing in high yielding stocks may involve higher degre of risk as high yields are not guaranteed and will fluctuate.
  • 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.

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Annual and half year reports
Annual general meeting

Date: 24th November 2016
Time: 2:00 pm
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2015

Proxy Voting as at:

24 November 2015 - AGM

27 November 2014 - AGM

Poll Voting as at:

24 November 2015 - AGM

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