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Contact details

ManagerGroupLogo
Information not available

Fund managers

* Richard Titherington»29-Jul-2010 to Present
* Omar Negyal»31-Oct-2013 to Present


Investment objectives

The Company’s investment objective is to provide investors with a dividend income combined with the potential for long term capital growth from a diversified portfolio of emerging markets investments.

Key Information

Fund vs sector

  1y 3y
Position 4 / 9 4 / 9
Quartile 2 2

Fund ratings

FE Crown Rating: 3 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 15.73 14.03
Alpha -2.58 3.32
Beta 1.47 1.07
Sharpe 0.10 0.53
InfoRatio -0.06 0.51
R2 0.80 0.76
Quartiles:   1  2   3  4   help with ratios
vs. Global Emerging Markets Equities»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
-0.5 +30.0 n/a +13.7 +14.9 -5.7 n/a
  NAV -1.2+33.9n/a+14.4 +18.6-7.8n/a
  Global Emerging Markets Equities -1.5+17.4+26.3+15.5+3.2-13.8+24.7
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf JP MORGAN GLOBAL EMERGING MARKETS INCOME TRUST PLC ORD 1P 118.63 (p) 24-Oct-2014 +3.42 114.10 114.07
23-Oct-2014
108 5.90 5.90
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
JP MORGAN GLOBAL EMERGING MARKETS INCOME TRUST PLC ORD 1P UNIT LONDON 1 287,514,000 339.27 n/a n/a company announcements
Share identifiers: TIDM: JEMI; SEDOL: B5ZZY91; ISIN: GB00B5ZZY915
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched2010
Gross assets£354.6m / $570.2m
Sector Global Emerging Markets Equities
Asset ClassEquity
Own ISA wrapper Fund has ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsn/a
Last report / accounts08-Oct-2014
Last AGM28-Nov-2013
Next AGMNovember 2014
EGM10-May-2012
Stockbroker(s)Winterflood Securities Limited
Management contractUnder the terms of the Management Agreement, the Manager will receive from the Company a fee, payable monthly in arrears, equivalent to 1.0% per annum of the Company's net assets. In addition, the Manager is entitled to receive a performance fee equivalent to 10% of any outperformance of the Company's Net Asset Value per Ordinary Share (on a total return basis) over the Company's benchmark index, the MSCI Emerging Markets Net Index in sterling terms (on a total return basis) over the Company's financial year, expressed as a percentage and multiplied by the average of month end total assets less current liabilities over the course of the year. The Management Agreement is terminable on six months notice, such notice not to be given prior to the first anniversary of Admission.
Borrowing limitIt is not intended that the Company will be geared through the use of bank debt on launch, nor will it look to use bank debt to provide long-term structural gearing. The Company does, however, have power under its Articles to borrow up to an amount equal to 30 per cent. of its Net Assets at the time of the drawdown, although the Board intends only to utilise borrowings representing up to a maximum of 20 per cent. of Net Assets at the time of drawdown and only on a tactical basis''on such occasions as the Manager believes that gearing will enhance returns to Shareholders.
Continuation / Wind-up provisionn/a
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposalAlthough the Company does not have a fixed life, the Directors consider it desirable to give Shareholders the opportunity periodically to review the future of the Company. At the fifth annual''general meeting following Admission therefore, an ordinary resolution will be proposed that the''Company should continue as an investment trust. If this resolution is not passed, the Directors will be''required to formulate proposals to be put to Shareholders within a reasonable time to wind-up,''reorganise or reconstruct the Company. Similar resolutions to continue will be proposed at every third''annual general meeting thereafter.
Settlement detailsThe Company does not have a fixed life but a continuation vote will be proposed at the fifth annual general meeting of the Company and every three years thereafter. The Company has authority to make market purchases of up to 14.99% of the Ords in issue. This authority will be sought annually at the Company's AGM. An EGM will be held on 20-Jun-13 to put forward to shareholders certain proposals regarding the allotment of new shares, a change in investment policy and a change to the Managers performance fee.
Tax policyn/a
Peer groups
Region Asset Class Investment Focus Sector
Global Equity Mixed Global Emerging Markets Equities
Largest holdings, 31-Aug-2014
Holding (%) Rank Holding (%) Rank
BANCO DO BRASIL2.201MTN GROUP1.906
TELEKOMUNIKASI INDONESIA(PERSERO)2.002BARCLAYS AFRICA GROUP LTD1.807
QUANTA COMPUTER INC2.003SILICONWARE PRECISION INDUSTRIES CO1.808
DELTA ELECTRONICS INC2.004POWSZECHNY ZAKLAD UBEZPIECZEN SA1.809
BIDVEST GROUP1.905LUKOIL OAO1.8010
 Total19.20 
Regional weightings, 31-Aug-2014
Region (%) Rank  
China 18.70 1 18.70% China
Taiwan 17.10 2 17.10% Taiwan
South Africa 11.70 3 11.70% South Africa
Brazil 10.10 4 10.10% Brazil
Russia 7.30 5 7.30% Russia
Others 6.50 6 6.50% Others
South Korea 6.10 7 6.10% South Korea
Turkey 5.10 8 5.10% Turkey
Thailand 4.60 9 4.60% Thailand
Saudi Arabia 4.20 10 4.20% Saudi Arabia
Indonesia 3.70 11 3.70% Indonesia
Poland 2.30 12 2.30% Poland
Mexico 1.60 13 1.60% Mexico
Cash 1.00 14 1.00% Cash
Total100.00 
Sector weightings, 31-Aug-2014
Sector (%) Rank  
Financials 18.40 1 18.40% Financials
Telecommunication Services 16.60 2 16.60% Telecommunication Services
Information Technology 13.70 3 13.70% Information Technology
Consumer Discretionary 12.30 4 12.30% Consumer Discretionary
Energy 10.10 5 10.10% Energy
Industrials 8.80 6 8.80% Industrials
Consumer Staples 7.20 7 7.20% Consumer Staples
Materials 7.10 8 7.10% Materials
Utilities 3.30 9 3.30% Utilities
Health Care 1.50 10 1.50% Health Care
Cash 1.00 11 1.00% 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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John Sebastian Henley Mar 09th, 2012 at 12:05 PM

Where is the details of fees on the 'fact' sheet? It is now a year and 8 months since launch! John H

Reply
Christopher Foley Oct 06th, 2011 at 09:51 AM

isn't there another dividend due in Sep? I believe this fund pays quarterly dividends (the factsheet doesn't say) and I can't see an RNS. Anyone know?

Reply
Tom O Apr 16th, 2011 at 09:45 AM

The performance of this trust since its launch last summer has been incredible - an 18% return in 8 months is an extraordinary achievement. Let's hope the C share issue doesn't dampen growth or the ordinary share price.

Reply
 

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Hend Div Inc Ltd: Net Asset Value(s)

03:18 PM | 24-Oct-2014

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Latest Fundswire  

Asset allocation

Chinese Equities, 18.70%
18.7000% ofChinese Equities
Taiwanese Equities, 17.10%
17.1000% ofTaiwanese Equities
South African Equities, 11.70%
11.7000% ofSouth African Equities
Brazilian Equities, 10.10%
10.1000% ofBrazilian Equities
Russian Equities, 7.30%
7.3000% ofRussian Equities
International Equities, 6.50%
6.5000% ofInternational Equities
South Korean Equities, 6.10%
6.1000% ofSouth Korean Equities
Turkish Equities, 5.10%
5.1000% ofTurkish Equities
Thai Equities, 4.60%
4.6000% ofThai Equities
Saudi Arabian Equities, 4.20%
4.2000% ofSaudi Arabian Equities
Indonesian Equities, 3.70%
3.7000% ofIndonesian Equities
Polish Equities, 2.30%
2.3000% ofPolish Equities
Mexican Equities, 1.60%
1.6000% ofMexican Equities
Money Market, 1.00%
1.0000% ofMoney Market

Sector analysis

Charting

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