JPMorgan Global Growth & Income PLC - investment trust - For financial year ended June 30, reports net asset value per share up 2.0% to 338.9 pence from 332.4p. Records total return on net asset value of 6.0% in the year, outperforming the benchmark - the MSCI AC World Index - which returned 5.2%. Intended dividend represent increase of 0.9% over the total dividend of 13.04p per share payable for the prior financial year. "Our investment managers have the freedom to invest globally in the best companies, irrespective of industry or yield. The team has used this freedom very effectively in recent months to pick those stocks most likely to benefit from the major strategic changes taking place in the global economy. While it seems right to be cautious until a vaccine for Covid-19 is in place, the investment managers' ability to invest on an unconstrained basis and the team's depth of investment research should continue to deliver attractive returns to shareholders," notes Chair Nigel Wightman.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
JPMorgan Global Growth & Income (JGGI)