JPMorgan Global Growth & Income (JGGI)

Sector:

Investment Firms

Index:

FTSE Small Cap

394.00p
   
  • Change Today:
      12.00p
  • 52 Week High: 394.00p
  • 52 Week Low: 224.00p
  • Currency: UK Pounds
  • Shares Issued: 144.76m
  • Volume: 190,054
  • Market Cap: £570.35m
  • RiskGrade: 110

Electric & General raises NAV by one-fifth

Date: Friday 25 Feb 2011

LONDON (ShareCast) - Electric & General Investment Trust says that its net asset value jumped by nearly 21% in the six months to December 2010.

The NAV rose from 398.12p a share to 473.98p a share at the end of 2010. The MSCI World Index rose by 17.5% over the same period. The interim dividend is unchanged at 2.1p a share.

Electric & General aims for capital growth while also offering a progressive dividend policy. The trust invests in large international companies.

The trust is almost fully invested. Chairman Lindsay Bury says that the investment manager believes that companies are still modestly valued. “As an asset class, equities may enjoy something of a renaissance, particularly if sentiment shifts from deflation and decline to inflation and growth”, he adds.

On 16 February, Electric & General announced reconstruction proposals. They give shareholders the chance to realise their investment in cash or roll over the investment into a new open ended fund which will have the Electric & General name and still be managed by Taube Hodson Stonex. The investment strategy will be the same.

Electric & General says that costs will be lower with the manager taking a lower management fee of 0.3% of net assets but retaining the same performance fee. There will no longer be a discount to net asset value.

JPMorgan Overseas Investment Trust had tried to persuade the Electric & General board to allow it to participate in the reconstruction so that investors were given the choice of rolling over their investment into JPMorgan Overseas.

The full proposals should be sent to shareholders before the end of June.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JGGI Market Data

Currency UK Pounds
Share Price 394.00p
Change Today 12.00p
% Change 3.14 %
52 Week High 394.00p
52 Week Low 224.00p
Volume 190,054
Shares Issued 144.76m
Market Cap £570.35m
RiskGrade 110

JGGI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.60% above the market average7.60% above the market average7.60% above the market average7.60% above the market average7.60% above the market average
23.72% below the sector average23.72% below the sector average23.72% below the sector average23.72% below the sector average23.72% below the sector average
Price Trend
62.53% above the market average62.53% above the market average62.53% above the market average62.53% above the market average62.53% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Income
42.41% below the market average42.41% below the market average42.41% below the market average42.41% below the market average42.41% below the market average
64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average
Growth
34.54% below the market average34.54% below the market average34.54% below the market average34.54% below the market average34.54% below the market average
20.86% below the sector average20.86% below the sector average20.86% below the sector average20.86% below the sector average20.86% below the sector average

JGGI Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 26-Nov-20 27-Aug-20
Paid 08-Jan-21 02-Oct-20
Amount 3.29p 3.29p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 30,761 @ 394.00p
16:29 1,181 @ 379.00p
16:27 2 @ 378.00p
16:26 48 @ 378.00p
16:26 400 @ 378.00p

JGGI Key Personnel

Chair Nigel Wightman

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