Overview
JPMorgan Income & Capital Trust plc, placed into voluntary liquidation on 28 February 2018, invested predominantly in high yielding UK equities and investment grade corporate bonds, with the aim of producing a growing income with long-term capital growth for ordinary shareholders, and a strong redemption yield for zero dividend preference shareholders.
Research History
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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 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 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 December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – 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 November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – 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 June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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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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08 Nov 2016 1 min read
QuotedData’s round up of views on the global economy – November 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. november-economic-and-political-roundup
News
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14 Feb 2018 1 min read
Talib Sheikh leaves JPMorgan Asset Management
Talib Sheikh leaves JPMorgan Asset Management – JPMorgan Income & Capital Trust published a circular on 25 January 2018 in connection with the reconstruction of the company. Shareholders are being offered the choice of: (i) a tax and cost efficient rollover into JPMorgan Multi-Asset Trust plc (“MATE“); and/or (ii) cash. MATE’s portfolio will be managed […]
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25 Jan 2018 2 min read
JPMorgan Income and Capital finds a MATE
JPMorgan Income and Capital finds a MATE – On 17 October 2017, JPMorgan Income & Capital Trust announced, in its interim results, that it was considering offering shareholders a rollover option into a new multi-asset investment trust as an alternative to liquidating their shares for cash to coincide with the end of the company’s fixed […]
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22 Jan 2018 1 min read
JPMorgan Income and Capital liquidates portfolio ahead of possible rollover
JPMorgan Income and Capital liquidates portfolio ahead of possible rollover – JPMorgan Income & Capital Trust launched as a split capital trust in March 2008 with a fixed life ending on 28 February 2018 (the “Termination Date”). The Company’s portfolio (the “Portfolio”) has seen strong performance in recent months and, in light of the upcoming […]
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20 Dec 2017 1 min read
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 […]
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16 Oct 2017 1 min read
Investment Trust Insider on Zero Dividend Preference Shares
James Carthew: there is a future for quality ‘zeros’ Split capital investment trust Jupiter Dividend & Growth (JDT) is approaching the end of its life. It was launched in December 2005 and is by far the oldest of the ‘splits’ that exist today. However, its articles of association say it must wind up on 30 […]
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19 Oct 2016 1 min read
Domestic focus constrains JPMorgan Income & Capital
During the six months ended 31st August 2016, the total return on JPMorgan Income & Capital’s shareholder’s funds was 6.3%, compared with a return of 12.4% recorded by the composite benchmark (comprising 90% FTSE 350 Index and 10% Bloomberg Barclays Global Aggregate Corporate Bond Index in sterling terms). The Board has declared two quarterly interim […]
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12 May 2016 2 min read
Beazley boosts performance and dividend for JPM Income & Capital
JPMorgan Income & Capital reports its net assets fell during the year ended 29th February 2016, reflecting a general market decline. The total return on the Company’s assets for the year ended 29th February 2016 was a negative 5.5%. This represented an over-performance of 1.4% against the composite benchmark (comprising 90% FTSE 350 Index, excluding […]
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24 Sep 2015 1 min read
Sarah Emly takes leave of absence
Sarah Emly, co-portfolio manager for JPMorgan Claverhouse Investment Trust, JPMorgan Elect, JPMorgan Income and Capital and JPMorgan Income & Growth, will be taking a period of leave away from the office for health reasons, with immediate effect. Sarah has worked closely alongside a number of senior JPMAM portfolio managers for 20 years; those colleagues continue […]
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18 May 2015 2 min read
Bond underweight unhelpful to JPMorgan Income & Capital
JPMorgan Income & Capital results for the year ended 28 February 2015 show the fund generated a total return of 5.4% for the year – this lagged the company’s benchmark (90% FTSE 350 excluding investment trusts index and 10% Barclays Global Aggregate Corporate Bond Index) by 0.4%. Corporate bond returns exceeded returns on equities during […]
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17 Oct 2014 1 min read
JPMorgan Income & Capital underperforms in first half
JPI, JPIU : JPMorgan Income & Capital underperforms in first half Over the six months to end August 2014 JPMorgan Income & Capital’s return on the portfolio was zero – a bit less than the 1.8% return on its benchmark (90% FTSE350 Index and 10% Barclays Capital Global Corporate Bond Index). Without any growth in the portfolio […]
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21 May 2014 1 min read
JP Morgan Income & Capital Trust : JPI, JPIZ, JPIU – final results
JP Morgan Income & Capital Trust, managed by Sarah Emly (pictured) and John Baker, has released results for the year ended 28 February 2014. These show the overall fund outperforming its benchmark by 6.4%. The total assets generated a total return of 18.4% over the year compared to 12.0% for the benchmark of 90% FTSE350 Index and […]
