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Contact details

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Information not available

Fund managers

* Howard Wang»01-Oct-2005 to Present
* Emerson Yip»01-May-2006 to Present
* Shumin Huang»01-Dec-2007 to Present
* William Tong»01-Mar-2010 to Present
Kevin Chan»01-Dec-2007 to 31-Aug-2009
Ernest Liu»01-Dec-2004 to 31-Jan-2006
Man Wing Chung»01-Feb-2004 to 30-Jun-2005
Steve Luk»01-Jan-1993 to 31-Jan-2004


Investment objectives

To provide long term capital growth by investment in ‘Greater China’ companies.

Key Information

Fund vs sector

  1y 3y
Position 6 / 7 5 / 7
Quartile 4 3

Fund ratings

FE Crown Rating: 3 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 14.55 18.23
Alpha -7.61 -0.18
Beta 0.68 0.88
Sharpe 0.58 0.47
InfoRatio -1.26 -0.19
R2 0.27 0.57
Quartiles:   1  2   3  4   help with ratios
vs. Country Specialists Asia Pacific»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+11.3 +33.4 +28.7 +18.6 +1.1 -20.9 +21.9
  NAV +7.9+38.9+46.0+20.1 +7.2-14.1+22.3
  Country Specialists Asia Pacific +24.6+49.6+55.5+10.4+8.7-23.6+36.1
Share Price
 ShareTypePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf JP MORGAN CHINESE IT PLC UNIT 170.00 (p) 31-Oct-2014 -11.05 188.17 187.96
29-Oct-2014
108 0.94 0.94
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
JP MORGAN CHINESE IT PLC UNIT LONDON 25 75,531,000 126.42 n/a n/a company announcements
Share identifiers: TIDM: JMC; SEDOL: 0343501; ISIN: GB0003435012
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1993
Gross assets£154.0m / $246.1m
Sector Country Specialists Asia Pacific
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly
Annual accountsannual (Click to order)
Last report / accounts23-May-2014
Last AGM27-Jan-2014
Next AGMJanuary 2015
EGM14-Apr-2008
Stockbroker(s)UBS
Management contractManagement and secretarial contract with JPMorgan Asset Management (UK) Ltd, terminable on one years notice. The fee is calculated and paid monthly in arrears at an annual rate of 1.0% of the Funds total assets minus current liabilities. When the Fund invests in funds managed or advised by JPMorgan Asset Management or any of its associated companies, they are excluded from the calculation and attract no fee. From this fee, the manager pays a fee to the Adviser of the Fund, Jardine Investment Management Ltd. The Manager is also entitled to a performance-related fee, which is charged wholly to the capital account. Any out performance of the benchmark will entitle the Manager to a performance fee equal to 15% of the out performance. The maximum total fee payable in any one year is capped at 1% of the Company's total assets less current liabilities.
Borrowing limitBorrowing must not exceed the adjusted capital and reserves.
Continuation / Wind-up provisionShareholders' have approved the continuation of the Company in its current form until the end of the AGM to be held on 2018 and every 5 years thereafter. The Company is authorised to make market purchases of up to 14.99% of its issued share capital. This authority will be renewed at each AGM. The Company is allowed to disapply pre-emption rights on the sale of shares out of Treasury. Following the AGM in 2010, Subscription shareholders may now exercise their subscription share rights on any day from 28-Jun-10 until 15-May-13.
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Asia Pacific Ex Japan Equity Mixed Country Specialists Asia Pacific
Largest holdings, 30-Sep-2014
Holding (%) Rank Holding (%) Rank
TAIWAN SEMICONDUCTOR CO6.501CHEUNG KONG(HLDGS)2.506
TENCENT HLDGS LIMITED6.002CHINA TELECOM CORP2.507
AIA GROUP LTD4.403ALIBABA GROUP HLDG LTD2.208
CHINA CONSTRUCTION BANK4.304FUBON FINANCIAL HLDGS CO2.109
AGRICULTURAL BANK OF CHINA2.905CNOOC2.0010
 Total35.40 
Regional weightings, 30-Sep-2014
Region (%) Rank  
China 35.30 1 35.30% China
Taiwan 26.80 2 26.80% Taiwan
P Chip & Red Chip 20.60 3 20.60% P Chip & Red Chip
Hong Kong 17.00 4 17.00% Hong Kong
Cash 0.30 5 0.30% Cash
Total100.00 
Sector weightings, 30-Sep-2014
Sector (%) Rank  
Financials 32.50 1 32.50% Financials
Information Technology 24.90 2 24.90% Information Technology
Consumer Discretionary 9.40 3 9.40% Consumer Discretionary
Industrials 8.40 4 8.40% Industrials
Health Care 5.10 5 5.10% Health Care
Energy 4.70 6 4.70% Energy
Telecommunication Services 4.00 7 4.00% Telecommunication Services
Utilities 3.80 8 3.80% Utilities
Consumer Staples 3.10 9 3.10% Consumer Staples
Managed Funds 2.00 10 2.00% Managed Funds
Materials 1.80 11 1.80% Materials
Cash 0.30 12 0.30% Cash
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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JPMorgan Chin IT: Net Asset Value(s)

12:27 PM | 31-Oct-2014

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Latest Fundswire  

Asset allocation

Chinese Equities, 35.30%
35.3000% ofChinese Equities
Taiwanese Equities, 26.80%
26.8000% ofTaiwanese Equities
International Equities, 20.60%
20.6000% ofInternational Equities
Hong Kong Equities, 17.00%
17.0000% ofHong Kong Equities
Money Market, 0.30%
0.3000% ofMoney Market

Sector analysis

Charting

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