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JPMorgan Claverhouse : JCH

JPMorgan Claverhouse : JCH

JPMorgan Claverhouse aims to deliver capital and income growth from UK investments. JPMorgan Claverhouse Investment Trust invests in income generating UK companies with a focus on those that provide consistent and growing dividends.

Investing in a portfolio consisting mostly of leading companies listed on the London Stock Exchange and with a portfolio consisting of between 60 and 80 individual stocks in which the Manager has high conviction.

You can access the company’s website here

JPMorgan Claverhouse returns held back by gearing during initial sell-off

JPMorgan Claverhouse (JCH) annual results period to 31 December 2020 brought a -10.8% total NAV return. This compares with a total return for the same period from the company’s benchmark, the FTSE all-share index, of -9.8%. JCH says its returns were caused principally by being geared at the time of the steep market fall in the early […]

Annual results from JPMorgan Claverhouse as stock and sector selection drive outperformance

We have annual results (to end-December 2019) from the UK equity income company, JPMorgan Claverhouse (JCH). The company said that as at 16th March 2020 the FTSE All-Share Index had fallen to 2848.87; a fall of over 30% and its lowest level in almost eight years. Chairman, Andrew Sutch, noted: “Although we report in this document […]

Claverhouse on premium despite underperformance

JPMorgan Claverhouse results for the year ended 31st December 2018 show that its net asset total return for the year to 31st December 2018 was -13.5%. This compares with a total return for the same period from its benchmark index of -9.5%, an underperformance of 4.0%. The discount narrowed over the period, from a discount of […]

New discount control mechanism for JPMorgan Claverhouse

New discount control mechanism for JPMorgan Claverhouse – JPMorgan Claverhouse has published its annual results. For the year to 31st December 2017, the net asset total return was +16.2%. This compares with a total return for the same period from their benchmark, the All-Share Index, of +13.1%. During the year, the shareholder total return was +21.8%. The total […]

JPMorgan fund manager passes away

JPMorgan fund manager passes away – The board of JPMorgan Income & Capital Trust plc has announced that it is sad to announce the passing of Sarah Emly, co-manager of the fund. They say “She battled with ill health these past few years with a courage, humour and determination that was truly inspirational. The company’s portfolio continues […]

JPMorgan Claverhouse fixes debt until 2045

JPMorgan Claverhouse fixes debt until 2045 – The Board of JPMorgan Claverhouse has announced that it has agreed to issue GBP30m fixed rate 25 year unsecured notes at an annualised coupon of 3.22% – nothing surprising there. However, the funding date is expected to be 30th March 2020, the date of the maturity of the 7% […]

JPMorgan Claverhouse underperformed in run up to Brexit vote

JPMorgan Claverhouse has announced its annual results for the year ended 31st December 2016. During the period, the Trust provided an NAV total return of +11.3%. The Trust says that the return for its benchmark, the FTSE All-Share Index, was +16.7%, reflecting a good period for UK investors. The share price rose from 602.5p to […]

JPMorgan Claverhouse laments Brexit impact on portfolio

The chairman of JPMorgan Claverhouse says its performance in the first half of the year has been disappointing after several years of very good returns. The net asset value total return of -2.0% for the six months to 30th June 2016, compared with the return from the benchmark, the FTSE All-Share Index, of +4.3% over […]

JPMorgan Claverhouse agrees new fee arrangements

JPMorgan Claverhouse has announced changes to its investment management fee arrangements, which it says are intended to be more appropriate for attracting private wealth and retail investors. With effect from 1st July 2016, the investment trust’s performance fee will be terminated and the management fee will be charged at an amended annual rate of 0.60% […]

Claverhouse outperforms again and hikes dividend for 43rd year

JPMorgan Claverhouse outperformed its benchmark index, both in terms of NAV and share price over 2015. The return on net assets of the UK stock market, as measured by the Company’s benchmark, the FTSE All-Share Index, was +1.0%. The Company’s total return on net assets was significantly better at +6.0% (the fourth year in a […]