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JPMorgan Emerging Markets IT plc (JMG) Ordinary 25p

Sell:974.00p Buy:976.00p 0 Change: 7.00p (0.71%)
FTSE 250:0.04%
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:974.00p
Buy:976.00p
Change: 7.00p (0.71%)
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:974.00p
Buy:976.00p
Change: 7.00p (0.71%)
Market closed Prices as at close on 18 October 2019 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
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.

Objective

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
Housing Development Finance Corp Ltd 6.10%
Taiwan Semiconductor Manufacturing Co Ltd ADR 5.99%
Tencent Holdings Ltd 5.46%
Alibaba Group Holding Ltd ADR 5.01%
AIA Group Ltd 4.48%
EPAM Systems Inc 4.41%
Ping An Insurance (Group) Co. of China Ltd Class H 3.97%
Tata Consultancy Services Ltd 3.86%
IndusInd Bank Ltd 3.29%
MercadoLibre Inc 2.34%
Sector Weight
Financial Services 32.37%
Technology 26.17%
Consumer Defensive 16.02%
Consumer Cyclical 15.89%
Industrials 6.14%
Real Estate 1.21%
Country Weight
China 23.46%
India 21.42%
Brazil 9.06%
Taiwan 8.99%
South Africa 8.31%
Hong Kong 7.72%
United States 5.77%
Indonesia 4.70%
Mexico 4.28%
Russia 1.77%

Fee Structure

Management fee is charged at the rate of 1.0% p.a. of NA 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 investment policy aims at maximising capital growth and does not focus on income in recent years. However, given that the objective is to achieve capital growth, it remains the case that dividends may fluctuate from year to year according to our income position.

ASSET SPLIT

Total number of holdings: 73.

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

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'.