JPMorgan Russian Securities plc

ISIN:GB0032164732 Bloomberg ticker:JRS LN

JPMorgan Russian Securities plc is the only investment trust providing pure exposure to the ongoing transformation of the Russian economy. The trust is managed by a dedicated team with first-hand knowledge of this complex market.

  • 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 on 26/05/2016

About this trust

  • Investment objective

    • The Company aims to provide shareholders with capital growth from investment in a diversified portfolio of investments primarily in quoted Russian companies or other companies which operate principally in Russia. The company may also invest up to 10% of its gross assets in companies that operate or are located in former Soviet Union Republics. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions.

  • Fund facts

    • Total fund size: £216,417,419
    •  (as at 30/04/2016)
    • Benchmark: MSCI Russian 10/40 Equity Indices Index (£)
    • Investment style: Growth
    • 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.

Performance

Cumulative performance of an original investment of £100.

  • 1 yr
  • 3 yr
  • 5 yr
 
b5b385a0-98c9-4121-89fb-3c185f3ca3be
Prior to 01/11/06 benchmark was CSFB ROS Index.
Prior to 01/11/06 benchmark was CSFB ROS Index.

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

  • Oleg Biryulyov

    Oleg Biryulyov, managing director, is a regional portfolio manager and the head of the Emerging Europe, Middle East and Africa Group, with a specialisation in Russia and Eastern Europe, within the Emerging Markets Equity Team based in London. An employee since 1994, Oleg was previously a portfolio manager for Flemings Urals Regional Venture Fund. Prior to this, he was an investment analyst. Oleg obtained a degree in economics from Moscow State University, Lomonosov. He is a holder of the CFA designation.

  • Sonal Tanna

    Sonal Tanna is a portfolio manager for Emerging Europe, Middle East and African portfolios, with a specialisation in South Africa and the Middle East, within the Emerging Markets Equity Team based in London. An employee of the firm since 1999, Sonal received a BSc. in economics from the London School of Economics and Political Science. She is a holder of the CFA designation.

Important information

Key attributes
  • The only UK retail investment trust to focus on Russia.
  • Native Russian fund managers supported by Global Emerging Markets Team.
  • High concentrated, aggressive portfolio.
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 retail investors directly or via Independent Financial Advisers.

Charges

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.
  • The fund typically invests in a concentrated portfolio of investments and should a particular investment decline in value, this will have a pronounced effect on the overall value of the fund.
  • 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.
Annual and half year reports
Annual general meeting

Date: 3rd March 2016
Time: 12 noon
Location: 60 Victoria Embankment, London EC4 OJP.

AGM Presentation 2016

Proxy Voting as at:

3rd March 2016 - AGM

5th March 2015 - AGM

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