JP Morgan Global Growth & Income Trust

[richfool]

I just came across this Daily Mail article on JPGI (which is one of my larger holdings).

I like the idea that the trust gives me exposure to growth stocks, whilst at same time paying me a reasonable dividend income (currently 3.78%). The income is supported from capital. The trust's global exposure includes a large proportion of US equities (c 56%), along with Europe, UK and Asia.

In addition to JPGI, I also hold HINT in the same sector, though HINT's holdings exclude the UK and have more European exposure. I also hold MYI which has less US exposure and more Asia Pacific and EM exposure.

https://www.dailymail.co.uk/money/inves ... ncome.html

[Itsallaguess]

In addition to JPGI, I also hold HINT in the same sector, though HINT's holdings exclude the UK and have more European exposure. I also hold MYI which has less US exposure and more Asia Pacific and EM exposure.

I like the JP Morgan Global Growth and Income Trust, and think it's a great vehicle for gaining a good spread of US exposure which also delivers a relatively good yield.

I prefer the larger market cap of JPGI to HINT (£447.53m vs £312.33m), and also the slightly higher yield from JPGI (3.82% vs 3.42%), and when we look at the historical performance of both, then JPGI again has the edge on HINT -



(Image source - https://www.hl.co.uk/funds/fund-discoun ... ion/charts)

Current holdings of JPGI -



JPGI is currently on a premium of around 2%, which might put some off, and a better entry point might be available for those that are happy to wait for an improved opportunity, although with a nearly 4% yield, that's the sort of minimal premium that I'm usually happy to ignore rather than continue to watch something like a hawk whilst capital potentially languishes at the mercy of inflation. Time has a cost too.. -



(Image source for holdings and discount/premium - https://www2.trustnet.com/Factsheets/Fa ... w&skipre=1)

Cheers,

Itsallaguess

[schober]

Hmmm ....... JPGI looks like a IUSA closet tracker

######## Graph Legend ########
No Epic Colour ColourCode
0 EIUSA Blue 1a83f6
1 EJPGI Green 437c17
#########################
Over 1 yr price only
http://tinyurl.com/yjm7xdj5

And 5 years
http://tinyurl.com/yzxfgowc

5y total return
http://tinyurl.com/yzuz7z5l

[scotia]

Hmmm ....... JPGI looks like a IUSA closet tracker

In a global IT which spreads its investments proportionately to market size, US shares will be the majority component. The USA market is well researched, and active US funds rarely do better than an indexed tracker, so I'm not surprised that JPGI appears to closely follow a US tracker.
I had a look at it along with Foreign and Colonial (also a global IT), and the total return of both of them followed reasonably closely (over 5 years) the performance of a S&P 500 tracker - albeit JPGI seems to be the most volatile - possibly something to do with the effect of the widely varying discount/premium.

[Peltiq]

Talk of the devil...........https://www.investegate.co.uk/jpmorgan- ... al%20Alert

[BullDog]

So..... This is where my Unilever money has been invested. Not a kings ransome by any means, ~3% of my total portfolio or ~5% of the nominally income generating part of the total portfolio. Why JGGI? I am comfortable reducing my exposure to the UK long term. I think there's every chance JP Morgan will manage the money better than I will and the dividend is around the same as Unilever. I became very uncomfortable with the ULVR management and the GSK fiasco. I see too many parallels with other companies who have lost their way. In particular, I am very wary when companies announce regular reorganisations. When senior management are out of ideas, corporate reorganisation is what usually happens. It's often a substitute for sound business decisions and the senior management hope the shareholders won't catch on to what's really happening.

[Peltiq]

The Company hereby announces that a third interim dividend of 4.24p per share, for the financial year ending 30th June 2022, will be paid on 8 April 2022 to shareholders on the register at the close of business on 4th March 2022. The ex-dividend date is 3rd March 2022.

https://www.investegate.co.uk/jpmorgan- ... al%20Alert

[doug2500]

When I researched it, I thought it was more of an all world tracker, which is a fair chunk of US anyway.

So for me it's all world but with better yield and an IT structure. Perfect.

[BullDog]

When I researched it, I thought it was more of an all world tracker, which is a fair chunk of US anyway.

So for me it's all world but with better yield and an IT structure. Perfect.

I like JGGI very much. Wish I had bought it a long time ago. Better late than never though.