About this trust
- To provide superior capital growth and outperform the MSCI All Country World Index over the long term by investing in companies based around the world. The Company is proposing to amend its distribution policy for the year commencing on 1st July 2016. The Company will pay quarterly dividends which will be set at the beginning of its financial year. On aggregate, these payments will equal to at least 4% of the NAV at the time of announcement. The manager is focused on building a high conviction portfolio of typically 50 – 90 stocks, drawing on an investment process underpinned by fundamental research. Portfolio construction is driven by bottom-up stock selection rather than geographical or sector allocation. Currency exposure is predominantly hedged back towards the benchmark. The Company uses borrowing to gear the portfolio within a range of 5% cash to 20 geared under normal market conditions. The Company will repurchase its shares with the aim of maintaining an average discount of around 5% calculated with debt at par value.
Total fund size:
- (as at 30/06/2016)
MSCI AC World Index (£)
Income & Growth
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.
Jeroen Huysinga is a portfolio manager in the Global Equities Team. An employee since 1997, he previously spent two years at Lombard Odier (UK) Ltd., where he was a Japanese equity portfolio manager. Prior to this, he held positions with the British Steel pension fund as a UK analyst and latterly a Japanese equity portfolio manager, after beginning his career at Lloyds Bank. Jeroen obtained a BA in Economics and International Studies from the University of Warwick. Jeroen is an associate of the Institute of Investment Management and Research.
Conviction based management style identifying companies with attractive valuation
and growth potential where an identifiable catalyst gives a compelling timeline
Proprietary local analysis provided by an award winning, experienced and focused
global research team.
Portfolio structured by sector not region to identify 'best-in-class' companies.
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 retail investors directly or via Independent Financial Advisers.
For information on charges relating to this trust please check the Trust factsheet.
- 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.
- Where permitted, a trust may invest in other investment trusts that utilise gearing (borrowing) which will exaggerate market movements both up and down.
- 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.
On Friday 8th July 2016 the Board of JPMorgan Overseas Investment Trust plc announced a change of name to JPMorgan Global Growth & Income plc.
Annual and half year reports
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