For our monthly Fund in Focus we are featuring the JP Morgan Income & Growth Trust. The aim of the fund is to provide superior total returns and outperform the MSCI All Country World Index over the long-term by investing on a global basis. The Company pays quarterly dividends, these are set at the beginning of each financial year.
Points to Note:
- This fund has a relatively high MSCI ESG Rating of AA.
- The current dividend yield at c.4% compares very favourably with its peers.
- The trust has a value investing focus and would be expected to do relatively well in a higher inflation environment.
- The fund recently announced that it has signed heads of terms with the board of JPMorgan Elect in respect of a proposed merger. This merger between two funds will allow shareholders to benefit from greater economies of scale arising from an enlarged asset base, including greater liquidity in shares, and cost efficiencies.
- In comparison to its peers, the trust’s strong performance over both the short and long term has ensured that on a NAV total return basis it now ranks third over one year, and first over three, five and 10 years.
If you would like to discuss this fund or look at other investment opportunities, please contact us on 01 2375500 or email justask@harvestfinancial.ie.