JPM Emerging Markets B

  • 193.40p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • 445.30p
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.00%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.18%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 27 October 2021, fund data last updated 18 February 2013

This fund aims to achieve capital growth by investing in equities of emerging markets. Austin Forey leverages off JPMorgan's extensive presence in the emerging markets. Their EM team places a great deal of emphasis on the qualitative evaluation of companies, aiming to identify stocks which are more profitable than the index but trading on reasonable valuations.

Fund summary

Sector Global Emerging Markets
Structure OEIC
Launched
Size £3,380m
Yield 0.00%
Charging basis Income
Dividends paid 30 Apr

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.18%

Allocation

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Investment process

The management of this fund draws on JPM's large emerging markets team. Idea generation is driven by the sector specialist analysts and stock ideas can be held across a number of the group's funds. In emerging markets company research is more orientated towards qualitative judgement than it is in the developed markets. Research is focused on long term business prospects, where the team seek to invest in profitable companies and one of the considerations is the likely return on invested capital. Companies are ranked on a score of 1 to 5 where 1 is best although the portfolio manager has discretion over his holdings. Generally only high conviction stocks are held although the manager can hold stocks for relative risk management in order to manage the fund's tracking error. The manager can draw on an in house asset allocation model although in practice stock selection is a bigger driver of portfolio construction.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Information Technology 24.00%
Consumer Discretionary 19.00%
Financials 19.00%
Communications 12.00%
Consumer Staples 8.00%
Industrials 6.00%
Health Care 5.00%
Materials 3.00%
Energy 2.00%
Money Market 1.00%

Portfolio

Around 60-75 stocks are typically held. Commonality between the JPMorgan Emerging Markets IT and the open ended version of the fund is high.

Key Investor Information - Income

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Key Investor Information - Accumulation

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