Overview
JPMorgan Asia Growth and Income (formerly JPMorgan Asian : JAI) aims to give investors the opportunity to invest in innovative and often industry-leading companies across Asia. The managers maintain a focus on the long-term capital growth of these businesses, whilst the trust structure allows investors to benefit from an attractive and predictable level of income, in the absence of unforeseen circumstances, targeting a quarterly dividend each equivalent to 1.5% of the company’s NAV.
The managers say that JAGI offers an opportunity to invest in Asian innovation and growth, saying that Asia is a mosaic of economies, each offering unique investment opportunities: tech innovation in North Asia, rapid urbanisation and dynamic trade hubs in South Asia. They believe that, with improving corporate governance and a focus on shareholders’ returns, Asia is increasingly attractive for income seekers and the region stands out as a compelling choice for investors seeking both growth and income.
They also say that Asia is home to many innovative and dynamic companies, and believe that the size and breadth of the Asian market is often overlooked, despite the fact the region is home to many world-leading businesses in a wide range of industries, including semiconductor manufacturing, healthcare, renewable energy, next generation automotive production and financials. This provides the portfolio managers with many attractive long-term investment opportunities.
You can access the company’s website here
Fundamentals
Price
Research History
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01 Aug 2025 21 min read
JPMorgan Asia Growth and Income – Asian income without the need to compromise on growth
Asian income without the need to compromise on growth JPMorgan Asia Growth and Income (JAGI) has a long-term track record of outperforming its benchmark, which is consistent with its focus on maximising long-term total returns. In February 2025, the trust introduced a new dividend policy, which enhances income even further. The manager says this does […]
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24 min read
JPMorgan Asia Growth and Income – Asian income without compromising on growth
Asian income without compromising on growth JPMorgan Asia Growth and Income (JAGI) has a solid long-term track record of outperformance of its benchmark (the MSCI All Countries Asia ex Japan index), helped by its focus on maximising long-term total returns. In February 2025, the trust introduced an even more enhanced dividend policy, that delivers an […]
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22 min read
JPMorgan Asia Growth and Income – Asian income without compromising on growth
Asian income without compromising on growth JPMorgan Asia Growth and Income (JAGI) has a solid long-term track record of outperformance of its benchmark, helped by its focus on maximising long-term total returns. In February 2025, the trust introduced an even greater enhanced dividend policy, that delivers an attractive level of income without compromising on the […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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07 Dec 2022 8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
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24 Jan 2020 20 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 8 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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18 Jan 2019 1 min read
QuotedData’s economic roundup – January 2019
QuotedData’s economic roundup – January 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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11 Jun 2018 2 min read
QuotedData’s Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Feb 2017 1 min read
QuotedData’s round up of views on the global economy – February 2017
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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10 Oct 2016 1 min read
Pacific Horizon – Brave new world
Marten & Co published an update on the company entitled Pacific Horizon – Brave new world The company’s performance has started to improve over the past few months, yet Baillie Gifford’s Ewan Markson-Brown and Roderick Snell, thinks that there is still considerable potential for the portfolio. He believes that some of the themes that he […]
News
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08 Aug 2025 3 min read
The trust world in 2025: Who’s winning, who’s shrinking
A year so far in the trust world August is upon us, and with it, we have now passed President Trump’s tariffs deadline. While it seems that we have found ourselves in a middle ground – with most major economies having negotiated some form of deal with him – the US has still implemented an […]
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27 Jun 2025 3 min read
Discounts, dividends and defence – how investment trusts are quietly keeping their edge
In a year already overloaded with geopolitical shocks and economic recalibrations, it would be easy to miss the quieter – but no less meaningful – developments taking place within the UK’s investment trust market. While headlines may have fixated on activist campaigns and takeover bids, a number of trusts have quietly outperformed or innovated in […]
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30 May 2025 4 min read
QuotedData’s morning briefing 30 May 2025 – JAGI, MHN, RMII, ESCT, HEIT/DRAX, BSIF, SRE
In QuotedData’s morning briefing 30 May 2025: We also have: Stories you may have missed from yesterday:
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14 Mar 2025 4 min read
Asia’s evolution: China’s dividend drive could reshape your income mix
The new US administration has sucked oxygen from other important stories around the world. While the world was focused on Trump’s tariffs, China quietly announced a $41bn package to boost consumer spending. It was a sign that the government would do ‘whatever it takes’ to drive growth. It may suggest a change of direction for […]
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13 Dec 2024 3 min read
JPMorgan Asia Growth & Income ups dividend to 6% per annum
JPMorgan Asia Growth & Income (JAGI) has published its annual results for the year ended 30 September 2024, during which it provided an NAV total return of 14.8% and a share price total return of 12.7%, both underperforming its MSCI AC Asia ex Japan Index Benchmark, which returned 17.3%. The bulk of the underperformance was […]
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22 Aug 2024 1 min read
QuotedData’s morning briefing 22 August 2024 – JAGI, MIGO, DSM
In QuotedData’s morning briefing 22 August 2024: Pauline Ng has become an additional named portfolio manager for JPMorgan Asia Growth & Income (JAGI), working alongside co-managers Robert Lloyd and Ayaz Ebrahim. Pauline joined JPMorgan Asset Management in 2005 and is a country specialist for the Association of Southeast Asian Nations (ASEAN) equities and head of […]
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14 Dec 2023 2 min read
Good stockpicking boosts JPMorgan Asia Growth and Income
JPMorgan Asia Growth and Income says that over the 12 months ended 30 September 2023, it genetrated an NAV return of 6.4% and a return to shareholders of 7.3% (as the discount narrowed slightly during the review period, to 9.2% at end September 2023, from 9.6%), both better than the 1.4% return on the benchmark […]
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16 Dec 2022 2 min read
JPMorgan Asia Growth & Income annual results
JPMorgan Asia Growth & Income (JAGI) has published its annual results for the year ending 30 September 2022. Over the 12-month period JAGI generated a NAV total return of -16.2%, and share price total return of 17.2%, compared to the -13.9% of its benchmark, the MSCI All Countries Asia ex Japan Index. Over the longer, […]
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11 Jan 2021 2 min read
Shift to premium boosts JPMorgan Asia
Shift to premium boosts JPMorgan Asia after NAV underperforms JPMorgan Asia Growth & Income has published results for the year ended 30th September 2020. Over the year the NAV return was 9.3% compared with a return of 12.3% for the MSCI All Countries Asia ex Japan Index. .Fortunately, the return to shareholders was 22.3% as the discount moved […]
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20 May 2020 2 min read
QuotedData’s morning briefing 20 May 2020
Rolls-Royce says it will shed 9,000 jobs in response to the covid-19 crisis – it expects any recovery in the airline industry to take several years (click here to read more). JPMorgan Asia Growth & Income (JAGI) reported interim results to end-March with the total market return coming in at (6.6%) compared with (9.3%) for the […]
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14 Feb 2020 1 min read
QuotedData’s other news 14 February 2020
In QuotedData’s other news 14 February 2020 Shareholders approved JPMorgan Asia’s change of name to JPMorgan Asia Growth and Income. The ticker becomes JAGI. GCP Infrastructure has confirmed that Clive Spears retired as a non-executive director at its AGM. Ian Reeves CBE, the chairman, commented, “I would like to thank Clive for his invaluable support, dedicated […]
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17 Dec 2019 3 min read
JPMorgan Asian outperforms again
JPMorgan Asian outperforms again – over the year to 30th September 2019, the trust’s return on net assets was +7.9%, representing an outperformance of 5.7 percentage points over its benchmark, the MSCI AC Asia ex Japan Index, which returned +2.2% in sterling terms. The return to shareholders was +10.9%, reflecting a narrowing of the discount […]
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12 Dec 2018 5 min read
JPMorgan Asian benefits from good stock selection
JPMorgan Asian Investment Trust (JAI) has announced its final results for the year ended 30 September 2018. During the year, JAI’s return on net assets was +7.3%, representing an outperformance of 2.9 percentage points over the benchmark, the MSCI AC Asia ex Japan Index, which returned +4.4% in sterling terms. The chairman, Bronwyn Curtis, says […]
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01 Aug 2018 1 min read
JPMorgan Asian appoints new co-manager
JPMorgan Asian appoints new co-manager – The board of JPMorgan Asian Investment Trust has announced the appointment of Robert Lloyd, as a fund manager of the company, alongside Ayaz Ebrahim and Richard Titherington. Robert, an executive director at JPMorgan Asset Management (‘JPMAM’) and based in Hong Kong, is a portfolio manager within the Asia Pacific Regional team […]
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05 Dec 2017 2 min read
JPMorgan Asian’s dividend policy pays off
JPMorgan Asian’s dividend policy pays off – JPMorgan Asian reports that, in the year to 30th September 2017 the return on net assets was +21.5%, representing an outperformance of 2.7 percentage points over the benchmark, the MSCI AC Asia ex Japan Index, which returned +18.8% in sterling terms. The return to shareholders was +29.8%, reflecting a […]
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21 Dec 2016 3 min read
JPMorgan Asian proposes new dividend and discount management policies in advance of continuation vote
JPMorgan Asian Investment Trust has announced proposals to change its discount management and dividend policy. The trust says that its board has been disappointed and concerned by the widening of the Company’s discount over the year particularly against the background of exceptional investment performance. The trust has a continuation vote at its AGM on 2 […]
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15 Nov 2016 1 min read
UIL, Industrial Multi Property Third Quarter Winners – QuotedData
LONDON (Alliance News) – The best performer in both price and net asset value terms in the third quarter was UIL Ltd, boosted by its largest investment, Australian-listed Resolute Mining Ltd, which benefited from a strong gold price. Industrial Multi Property Trust PLC and Kubera-Cross Border Fund Ltd both saw recoveries in their share price […]
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10 Jun 2016 2 min read
JPMorgan Asian holdings in Chinese financials weigh on performance
JPMorgan Asian says that, over the six months ended 31st March 2016, the company’s return on net assets was 9.0% and the return to shareholders 8.3%, reflecting a widening of the discount over the period. The company underperformed its benchmark, the MSCI Asia ex Japan Index, which returned 11.4%. The managers’ report says JPMorgan Asian’s […]
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20 May 2016 1 min read
New co-manager for JPMorgan Asian
JPMorgan Asian has announced the appointment of Ayaz Ebrahim, as joint fund manager of the Company, alongside Richard Titherington. Ayaz, a Managing Director at JPMorgan Asset Management and based in Hong Kong, is a highly experienced portfolio manager who heads the Asia Pacific Core Team and chairs the Asset Allocation Committee within the Emerging Markets and […]
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14 Dec 2015 2 min read
Welcome performance improvement for JPMorgan Asian
JPMorgan Asian has published results for the year ended 30 September 2015 that show the fund managed to outperform its benchmark. During the year under review, JPMorgan Asian’s return on net assets was -2.9%, outperforming the MSCI AC Asia ex Japan Index, which delivered a -6.3% return. The Board had been warning JPMorgan that performance […]
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20 Oct 2015 1 min read
Richard Titherington becomes co-manager of JPMorgan Asian
The Board of JPMorgan Asian Investment Trust has announced that Richard Titherington, Chief Investment Officer of J.P. Morgan Asset Management’s Emerging Markets & Asia Pacific Equities team, has been appointed co-manager of the Company’s portfolio with immediate effect. Richard’s appointment follows the Company’s announcement on 15th April, 2015, that Ted Pulling, co-manager of the Company’s portfolio for the […]
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15 Apr 2015 1 min read
JPMorgan Asia losing manager
Ted Pulling, manager of JPMorgan Asia for the last three years, is moving back to the US from Hong Kong and relinquishing responsibility for the management of the fund. The Board says, to ensure an orderly transition of his responsibilities, Mr Pulling will remain in Hong Kong until the end of 2015, continuing to manage […]
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29 Dec 2014 1 min read
JPMorgan Asian Board wants better performance
In its results announcement released on Christmas Eve, JPMorgan Asian reported underperformance of the fund’s benchmark and a widening of its discount. The Board have held talks with JPMorgan and are anxious that performance improves over 2015. They will hold a continuation vote in 2016 and the statement reads as though the Board would recommend […]
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23 May 2014 1 min read
JP Morgan Asian Investment Trust : JAI – interims
JP Morgan Asian Investment Trust has published its interim results for the period ended 31 March 2014. Over the six months the fund marginally underperformed its benchmark index (the MSCI Asia ex Japan) with a net asset return of -1.3% compared to -0.3% for the index. The discount narrowed a little and the return to […]
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12 Dec 2013 1 min read
JP Morgan Asian : JAI
JAI has released its results for the year ended 30 September 2013. In NAV terms the company returned 6.4%, beating its benchmark which returned 5.1%. The discount narrowed so the share price return was 7.2%. The Board are pleased that JAI beat its benchmark over the year but say they are determined that this should only be […]
