Overview
JPMorgan Global Core Real Assets : JARA will seek to provide a stable income and capital appreciation from exposure to a globally diversified portfolio of core real assets. JPMorgan Asset Management defines real assets as “core” if their cash flows are stable and forecastable for long time periods of typically 5 years or more with a low margin of error. Initial investment areas include real estate, transport assets, infrastructure assets and cash/near cash.
The trust will invest in private funds or managed accounts managed or advised by entities within J.P. Morgan Asset Management.
Fundamentals
Price
Research History
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12 Apr 2024 1 min read
Interview with Phil Waller from JPMorgan Global Core Real Assets
In this week’s show, James Carthew spoke to Phil Waller from JPMorgan Global Core Real Assets. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news click here. If there is a guest speaker you’d particularly like to hear from, please email us on [email protected]. Additionally, if […]
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14 Sep 2023 9 min read
QuotedData’s Investment Companies Roundup – September 2023
September 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in August 2023 Share price total returns for investment companies were generally poor over August, with the best performing sector, Debt – Structured Finance, returning just 2.1%, with only a few sectors managing to eke out a positive total return. Funds […]
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07 Dec 2022 64 min read
QuotedData’s Economic and Political Monthly Roundup December 2022
Economic and Political Monthly Roundup Investment companies | Monthly | December 2022 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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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 5 min read
QuotedData’s investment companies roundup – January 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over December: An update note on BlackRock Throgmorton (THRG) “BlackRock Throgmorton continues to lead its peer group in […]
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15 Oct 2019 7 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 5 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
News
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27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
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27 Nov 2024 3 min read
QuotedData’s morning briefing 27 November 2024 – AGA, CORD, JARA, BIOG, PSH
In QuotedData’s morning briefing 27 November: APAX Global Alpha (AGA) has announced that it expects to invest approximately €28m in the accountancy and advisory practice of Evelyn Partners on a look-through basis. On 25 November 2024, the Apax XI Fund, in which AGA is a limited partner, announced that it had reached a definitive agreement to acquire Evelyn […]
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08 Nov 2024 1 min read
QuotedData’s weekly news show 8th November 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, Matthew Read covered the week’s top stories: JPMorgan Global Core Real Assets (01:57) Weiss Korea Opportunity (05:38) Atrato Onsite Energy (08:59) HH2E administration – HydrogenOne Capital Growth and Foresight Environmental Infrastructure (10:31) Supermarket Income REIT (12:25) This week’s interview was with […]
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05 Nov 2024 1 min read
JPMorgan Global Core Real Assets to wind down
Following the announcement on 3rd September 2024 that the JPMorgan Global Core Real Assets (JARA) continuation vote had not been passed by shareholders, the board and its advisers have been consulting with the company’s largest shareholders on the options open to the company. Having completed that consultation process, the board has now concluded that it […]
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06 Sep 2024 1 min read
QuotedData’s weekly news show 6th September 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: PRS REIT (0:41) SEGRO / Tritax EuroBox (4:02) Balanced Commercial Property Trust (6:41) Artemis Alpha / Aurora (8:10) JPMorgan Core Real Assets (10:33) Digital 9 Infrastructure (11:51) Andrew McHattie covered: Major rises over the […]
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03 Sep 2024 1 min read
JPMorgan Global Core Real Assets fails to pass continuation vote
At its AGM today, shareholders in JPMorgan Global Core Real Assets (JARA) voted against a resolution for the fund to continue as an investment trust for another five years. This was not unexpected – the trust’s performance has been disappointing since its launch five years ago, while sentiment towards the sorts of assets in which […]
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28 Jun 2024 1 min read
QuotedData’s weekly news show 28th June 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, Matthew Read covered the week’s top stories: Alliance Trust/Witan (0:00) Bankers (9:08) JPMorgan Global Core Real Assets (11:10) Home REIT (13:09) This week’s interview was with Nick Train from Finsbury Growth & Income Trust– watch it again here.
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25 Jun 2024 2 min read
Real estate exposure weighs down JPMorgan Global Core Real Assets
JPMorgan Global Core Real Assets (JARA) announced its annual results for the year ended 29th February 2024. The company saw a NAV total return of -4.4%, whilst shareholder total return was -20.9% due to a widening of the share price discount to NAV. Underlying asset performance in local currency was +0.3%. Real Estate was the main […]
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19 Jan 2024 2 min read
QD view – the REIT entry point
The start of a new year often brings optimism and that was certainly the case in the real estate sector as inflation around the world continued its downward trajectory, raising the prospect of interest rate cuts this year. That optimism, which had seen share prices among the UK listed property companies jump 15.5% over the […]
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28 Nov 2023 1 min read
QuotedData’s morning briefing 28 November 2023 – JARA, AUGM
In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]
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21 Sep 2023 1 min read
QuotedData’s morning briefing 21 September 2023 – JARA, GIF, NAVF
In QuotedData’s morning briefing 21 September 2023: JPMorgan Global Core Real Assets (JARA) has provided a quarterly NAV valuation. As of 31 August 2023 the NAV per share of the trust was 95.37p per share, reflecting a negative total return of (2.0%) for the quarter and (8.0%) for the 12 month period. Gulf Investment Fund […]
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10 Aug 2023 1 min read
QuotedData’s morning briefing 10 August 2023 – DLN, TLEI, JARA
In QuotedData’s morning briefing 10 August 2023: Derwent London (DLN) says that it has signed new leases totalling £7.0m since 30 June 2023. Activity includes Moelis & Company pre-letting c.50,000 sq ft at 25 Baker Street for a term of 15 years, with a tenant break option at year 10 – the commercial element of […]
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30 Jun 2023 2 min read
JARA’s results show the benefits of a strong dollar
JPMorgan Core Real Assets (JARA) has released annual results for its financial year end 28 February 2023. Over the 12 month period JARA reported a NAV total return of 11.6% and share price total return of 7.0%. A major factor in driving JARA’s positive performance was its unhedged currency exposure, particularly its large exposure to […]
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05 May 2023 4 min read
QD view – Spreading your bets – asset allocating for uncertain times
For the second time in five years, investors are finding themselves in the grips of a global bear market that has punished most asset classes. The reasons underpinning the latest bout of selling have been well covered by market commentators, with QuotedData being no exception. Alongside this, many column inches have also been devoted to […]
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22 Mar 2023 2 min read
QuotedData’s morning briefing 22 March 2023
JPMorgan Global Core Real Assets (JARA) announced a quarterly NAV and portfolio update for the quarter to 28 February 2023. The company paid a dividend of 1.05 pence per share on 24 February 2023, bringing the share price total return for the quarter to +0.3% and +7.0% for the year, while the total NAV return […]
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25 Jan 2023 2 min read
QuotedData’s morning briefing 25 January 2023
In QuotedData’s morning briefing 25 January 2023: JPMorgan Global Core Real Assets (JARA) has declared a fourth quarterly interim dividend of 1.05p per share for the year ending 28th February 2023. This will be paid on 24th February 2023 to shareholders on the register as at the close of business on 3rd February 2023. The […]
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19 Dec 2022 1 min read
QuotedData’s morning briefing 19 December 2022
In QuotedData’s morning briefing 16 December 2022: JPMorgan Global Core Real Assets (JARA) has announced its quarterly NAV and portfolio update. During the quarter to 30th November 2022 JARA paid a dividend of 1p per share, bringing the total return for the quarter to -3.8% and the total return for the year to 30th November […]
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14 Oct 2022 4 min read
QD view – navigating troubled waters
When I started writing this article, it was being widely reported that the chancellor, Kwasi Kwarteng, had been forced to cut short his visit to the US and was returning to London to face urgent talks with the prime minister and Conservative MPs. Before I had finished it, he was out of a job, with […]
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04 Jul 2022 2 min read
JPMorgan Global Core Real Assets boosted by private and liquid strategies
JPMorgan Global Core Real Assets boosted by private and liquid strategies – JPMorgan Global Core Real Assets (JARA) has posted its final results for the year to 28 February 2022. During the period its NAV increased by 12.9% while its share price return was down 8.9%, reflecting a discount to underlying NAV at which the […]
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21 Apr 2022 2 min read
QuotedData’s morning briefing 21 April 2022
In QuotedData’s morning briefing 21 April 2022 the news is dominated by annual results, but we also have: An unusual advance on the sale proceeds of Infrastructure India’s (IIP) wind farm assets – the buyer AVSR Constructions is supposed to pay INR 550m (approximately £5.5m), but the seller is yet to satisfy all the conditions […]
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04 Mar 2022 3 min read
QuotedData’s morning briefing 4 March 2022
In QuotedData’s morning briefing 4 March 2022: Fidelity International has announced that it is pulling the plug on investment in Russia and Belarus. Its statement reads as follows: Given the seriousness of events in Ukraine, Fidelity International has decided that it will not be investing in Russia and Belarus for the forseeable future. As such, […]
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17 Jan 2022 2 min read
QuotedData’s morning briefing 17 January 2022
In QuotedData’s morning briefing 17 January 2022: Digital 9 Infrastructure (DGI9) has started a consultation process with shareholders regarding potential amendments to its investment policy which currently restricts its ability to invest more than 20% of gross assets in any single asset or investee company. It is proposed that this is increased to 25%. Meanwhile […]
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21 Jul 2021 1 min read
QuotedData’s morning briefing 21 July 2021
In QuotedData’s morning briefing 21 July 2021: Bluefield Solar (BSIF) received applications for 89,067,980 new shares under its issue and the board has decided to increase the offer size so that it can accept the lot. The shares are being issued at 118p – the gross issue size will be £105.1m. Custodian REIT (CREI) has sold […]
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12 Jul 2021 2 min read
QuotedData’s morning briefing 12 July 2021
In QuotedData’s morning briefing 12 July 2021: JPMorgan Global Core Real Assets (JARA) has called and funded a further $10,051,474 of its committed capital. This was called by its global transport income strategy and completes the planned exposure to this sector, further increasing JARA’s dividend cover given the high yielding nature of the strategy. Following this, […]
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08 Jul 2021 2 min read
JPMorgan Global Core Real Assets hits dividend target despite underperformance
JPMorgan Global Core Real Assets hits dividend target despite underperformance – JPMorgan Global Core Real Assets (JARA) has published its full year results for the year to 28 February 2021. During the year, the NAV fell by 5.9% while the share price total return was also down by 1%. Having only IPO’d in 2019, the […]
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25 May 2021 3 min read
QuotedData’s morning briefing 25 May 2021
In QuotedData’s morning briefing 25 May 2021 – Lowland (LWI), the UK equity income fund, reported its interim results to 31 March 2021, with a total NAV return of 33.0% coming in well ahead of its benchmark (the FTSE all-share index). LWI’s focus on the industrial and financial sectors, as well as its value bias, drove performance. […]
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03 Feb 2021 1 min read
QuotedData’s morning briefing 3 February 2021
In QuotedData’s morning briefing 3 February 2021 – Chenavari Toro Income (TORO) reported annual results to 30 September 2020, with the total return NAV coming in at -11.2%. The share price total return was -15.2%. TORO’s chairman, Frederic Hervouet, noted that “TORO’s base case was assuming a second wave of defaults in H1 2021 with the annualised […]
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25 Sep 2020 1 min read
JPMorgan Global Core Real Assets is 74% invested
JPMorgan Global Core Real Assets (JARA) has announced two capital calls that, inclusive of the capital it has raised post-IPO, takes it to approximately 74% invested. For the two new calls, $75,694,563 of the Company’s committed capital has been called, with a funding date no later than 1st October 2020. This capital is being called by […]
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24 Sep 2020 1 min read
QuotedData’s morning briefing 24 September 2020
In QuotedData’s morning briefing 24 September 2020 Good progress with the construction of Gore Street Energy Storage’s Irish assets has helped deliver a 1.6p increase in the fund’s NAV over the second quarter of 2020 to 96.2p. An interim dividend of 2p has been declared, making 7p in total for the year ending 31 March 2020. […]
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29 Oct 2019 1 min read
JPMorgan Global Core Real Assets gets £35.5m capital call
JPMorgan Global Core Real Assets gets £35.5m capital call – The recently launched JPMorgan Global Core Real Assets (JARA) has announced that one of its underlying real estate strategies has called the capital committed by the company with a funding date no later than Friday 8th November 2019. The company says that the capital called […]
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24 Sep 2019 1 min read
Fundraising news – JARA and Merian Chrysalis
Fundraising news – JARA and Merian Chrysalis JPMorgan Global Core Real Assets (JARA), a new, Guernsey based, investment company investing in funds managed by JPMorgan Asset Management in infrastructure, property and transport assets, managed to raise almost £149m from investors, just shy of its £150m target. The opening NAV is projected to be 99.01p. The […]
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In The Press
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22 Oct 2024 1 min read
Shuttered infrastructure trusts struggle in buyers’ market
by Val Cipriani, Investors Chronicle, October 21, 2024: Packing up the house always takes longer than you think. For investment trusts that have started the winding-up process, clearing the portfolio can be long and complicated, especially when illiquid assets need to be offloaded. Earlier this month, beleaguered infrastructure trust Digital 9 Infrastructure (DGI9), which is […]
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09 Sep 2024 1 min read
Investment trust insider on AVI Global Trust
Investment trust insider on AVI Global Trust – James Carthew: AVI Global can extend its excellent track record Discounts across global markets present opportunities for the UK-based bargain hunter, which recently cashed in on Starwood’s Balanced Commercial Property bid. The investment companies sector continues to shrink. So far in September, we have seen bids for Tritax […]
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18 Jul 2023 1 min read
Beyond wealth preservation trusts, nine other defensive options
by Jennifer Hill from interactive investor, 17th July 2023: Wealth preservation investment trusts are popular with DIY investors and for good reason, but a range of other defensive strategies are worthy of consideration, finds Jennifer Hill. The gathering of storm clouds tends to have investors running for cover but with sudden swings in the investment […]
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08 Jul 2021 1 min read
A guide on how investors can protect against inflation
We share inflation-proofing ideas for equities, funds and trusts for investors looking to add protection to their portfolios. 8th July 2021 11:12 by Faith Glasgow from interactive investor After a decade largely out of the limelight, inflation is back on investors’ radars. UK consumer prices index (CPI) inflation leapt from 1.5% in April to 2.1% […]
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08 Sep 2020 1 min read
Investment trust insider on new and newish funds
Investment trust insider on new and newish funds – James Carthew: Let’s hope new trusts are more open than recent launches After a long hiatus, the flotation window appears to be opening up. I thought this week I would have a look to see how the last crop of investment company launches – Nippon Active Value […]
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01 Oct 2019 2 min read
New kids on the block struggle to attract investors’ cash
Leader Article: New kids on the block struggle to attract investors’ cash INVESTMENT WEEK 30 September 2019 The first three quarters of the year saw open-ended fund launches continue unabated, and this shows no signs of slowing down. In stark contrast, however, trust IPOs and the market appetite for new investment companies has waned through […]
