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JPMorgan Emerging Markets Inclusive - Class A - Income (GBP)

Sell:105.00p Buy:105.00p Change: 0.1p (0.10%)
Prices as at 18 October 2019
Sell:105.00p
Buy:105.00p
Change: 0.1p (0.10%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 18 October 2019
Sell:105.00p
Buy:105.00p
Change: 0.1p (0.10%)
Prices as at 18 October 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund features on our Wealth 50 list of what we believe are the best funds in each sector.

Leon Eidelman and Austin Forey manage this fund. They focus on quality companies they think can grow their earnings sustainably. They've got years of experience investing in emerging markets, and also have the support of a wide team of analysts. This is invaluable given the vast range of countries and companies they need to look at.

This is one of few funds in the Emerging Markets sector we think could perform better than the broader market over the long term. We view it as a great choice for adventurous investors looking for broad exposure to the emerging markets.

Our view on the sector

The emerging markets are a diverse range of economies stretching from Asia and Eastern Europe to South Africa and Latin America. Some are rich in commodities and natural resources, some rely on exporting goods to Western economies, and others have a vibrant consumer-driven society. They're all at different stages of economic development and while we think they've got great long-term growth prospects, they're more volatile and higher-risk than more developed ones. We think a broad global emerging markets fund could be a good starting point, then there are others that focus on a specific country or region.

Performance Analysis

The manager's investment style means the fund's tended to perform similarly to the broader emerging stock market when it's rising, and hold up slightly better when it's falling. Emerging markets can be volatile, though patient investors have been rewarded over the long term. The managers are focused on companies they think can grow their earnings year after year, which could support their share prices over the long run.

Investment Philosophy

The managers take into account what's going on in the wider economy, but they spend most of their time analysing the prospects of individual companies. They think this is the best way to drive long-term performance. They look for those with healthy finances and good levels of corporate governance.

Process and Portfolio Construction

Leon Eidelman and Austin Forey decide what companies make it in and out of the fund. But they also have a wider team of analysts to help them come up with ideas. They travel across the region to visit companies and gain greater insight into what's happening in different economies.

The team look for quality companies by trying to work out how much a company will grow its earnings over the coming years. They also take other things into account, like dividends and how changes in a country's currency might impact a business. They mainly invest in large, established firms, but also invest in some medium-sized companies with greater growth prospects.

question mark Manager Track Record Based on HL Quantitative Research

  • JPM Emerging Markets A Acc
  • IA Global Emerging Markets
FROM: TO:


Fund Track Record

18/10/14 to 18/10/15 18/10/15 to 18/10/16 18/10/16 to 18/10/17 18/10/17 to 18/10/18 18/10/18 to 18/10/19
Annual return -5.38% 37.74% 20.38% -12.80% 23.37%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

J.P. Morgan Asset Management is one of the largest and best-known names in investment management, with a strong presence in many local markets, and investment teams located worldwide. The JPMorgan funds available to UK investors make the most of this global reach.

The group's experience spans more than 150 years and it has been through various mergers and acquisitions in that time. The last merger was between JPMorgan Investment Management and Chase Fleming Asset Management. Prior to that investors may have come across this company when it used to be known as Save & Prosper and Flemings.

Information about the fund

Fund manager biography

manager photo
Manager Name: Leon Eidelman
Manager start date: 15 February 2013
Manager located in: New York

Leon Eidelman, managing director, is a portfolio manager within the Emerging Markets and Asia Pacific (EMAP) Equities team based in New York. An employee since 2002, Leon is a member of the group of global emerging markets portfolio managers responsible for the fundamental, bottom-up portfolios, including the GEM Discovery and GEM Focused strategies. He is lead manager of the GEM Discovery strategy and is a portfolio manager on the GEM Focused strategy. Leon holds a B.A. in Economics with a concentration in Finance from Cornell University and is a CFA Charterholder.

manager photo
Manager Name: Austin Forey
Manager start date: 1 July 1997
Manager located in: London

Austin Forey, managing director, is a portfolio manager for the Global Emerging Markets (GEM) Focused strategy within the Emerging Markets and Asia Pacific (EMAP) Equities team based in London. An employee since 1988, Austin has fulfilled his role as a GEM portfolio manager since 1994. Prior to this he worked in the U.K. team, where he was deputy head of U.K. research. Before this, Austin worked as a research analyst covering engineering, and subsequently all financial sectors, including property; his other responsibilities included the co-management of a mid-cap investment trust, and two specialist unit trusts. Austin obtained a B.A. in Modern Languages from Cambridge University, and earned a Ph.D. in Modern Languages from Cambridge University

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account