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JPMorgan Emerging Markets IT plc (JMG) Ordinary 25p

Sell:1,196.00p Buy:1,200.00p 0 Change: 12.00p (1.01%)
FTSE 250:0.60%
Market closed Prices as at close on 22 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 12.00p (1.01%)
Market closed Prices as at close on 22 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Change: 12.00p (1.01%)
Market closed Prices as at close on 22 October 2020 Prices delayed by at least 15 minutes | Switch to live prices |
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.

HL comment

See our latest research on this Investment Trust


The underlying investment aims to maximise total returns from emerging markets worldwide. It provides investors with a diversified portfolio, concentrating on countries and shares with the most attractive opportunities. Returns are principally determined by the performance of the investments made by the underlying company. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures.The underlying fund may be denominated in or hold assets in a currency other than Sterling. The performance of the fund may therefore rise and fall as a result of exchange rate fluctuations.
Security Weight
Taiwan Semiconductor Manufacturing Co Ltd ADR 8.95%
Tencent Holdings Ltd 7.98%
Alibaba Group Holding Ltd ADR 7.54%
EPAM Systems Inc 5.39%
Housing Development Finance Corp Ltd 4.37%
AIA Group Ltd 4.05%
MercadoLibre Inc 3.81%
Tata Consultancy Services Ltd 3.15%
Ping An Insurance (Group) Co. of China Ltd Class H 3.14%
Sea Ltd ADR 2.77%
Sector Weight
Financial Services 23.58%
Technology 22.11%
Consumer Cyclical 17.12%
Consumer Defensive 13.44%
Communication Services 13.42%
Industrials 4.16%
Healthcare 3.07%
Country Weight
China 30.66%
India 14.76%
Taiwan 11.54%
Hong Kong 9.09%
Brazil 8.17%
United States 7.33%
South Africa 4.49%
Indonesia 3.03%
Singapore 2.77%
Mexico 2.62%

Fee Structure

Management fee is charged at the rate of 1.0% p.a. of portfolio up to GBP 500m and at the rate of 0.75% thereafter. The fee is calculated and paid monthly in arrears. Contract terminable on notice period of 12 months.

Dividend Policy

The Board has been consistent in communicating to shareholders that the Company is managed to produce total return rather than any particular level of dividend and that the level of dividends will vary. Board to increase this year's total dividend by 1.4%. The target total dividend is 14.2 pence.


Total number of holdings: 72.

Trust Manager

Austin Forey

Manager Bio

Austin Forey, managing director, is a Portfolio Manager for JPMorgan Asset Management 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. Austin obtained a B.A. in Modern Languages from Cambridge University, and earned a Ph.D. in Modern Languages from Cambridge University.

Board Of Directors

Sarah ArkleChairman, Andrew Page, Richard Laing, Aidan Lisser, Ruary Neill, Helena Coles

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. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.