Page 22 - DIY Investor Magazine | Issue 29

FREE TO EXPLORE GROWTH PROSPECTS
With a 96% active share, the trust is free to explore across the market cap spectrum, to go ‘wherever the best ideas are’ says Weindling, to ‘invest in the companies in which we have the highest conviction.’
This gives investors an advantage over index-linked Japanese funds which are exposed to monolithic brands and sectors traditionally associated with the country such as auto manufacturing and consumer electronics that face structural challenges and slow growth.
Instead, says Weindling, the team assess potential holdings on set criteria: ‘Do we want to own it in the long term? Does
it have the right economics, duration, governance, cashflow, sustainable returns, margin growth, competitive environment, strong balance sheets... and is ESG integrated into everything it does?’
However, the bar is set high: Weindling reveals: ‘few companies in Japan tick all those boxes.’
For Weindling, unearthing the treasures of the Japanese market and adding real value for investors are among the most rewarding aspects of managing the fund.
Important information
Having such a rich market helps: ‘As a portfolio manager, you want a market where you’ve got the tools to be able to out- perform and Japan is perfect for that.’ Weindling’s passion for out-performance is evident. The trust’s performance speaks for itself. Morningstar awarded it a Silver Analyst Rating and five- stars for both sustainability and its overall rating 4.
This all adds up to an attractive proposition for investors seeking long-term returns; Weindling and the team hope to continue delivering just that in his next decade at the helm of JFJ.
More information about JPMorgan Japanese Investment Trust plc here >
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Select JP Morgan Japanese Investment Trust (JFJ) - GB0001740025
1 GBP 1286.96 Mn as of 31 January 2021. Source: JP Morgan Asset Management/Morningstar. 2 The Association of Investment Companies as at 15 March 2021
3 JFJ quarterly rolling 12 month performance as at end of December 2020 (%) 2015/2016 11.26, 2016/2017 34.89, 2017/2018 -13.59, 2018/2019 23.62, 2019/2020 60.92. Benchmark: Tokyo Stock Exchange First Section Index (TOPIX) (£)
4 Morningstar ratings as of 28/02/2021. ©2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretion of the reader. Any research in this document has been obtained and may have been acted upon by J.P. Morgan Asset Management for its own purpose. The results
of such research are being made available as additional information and do not necessarily reflect the views of J.P. Morgan Asset Management. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. It should be noted that the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Changes in exchange rates may have an adverse effect on the value, price or income of the products or underlying overseas investments. Past performance and yield are not reliable indicators of current and future results. There is no guarantee that any forecast made will come to pass. Furthermore, whilst it is the intention to achieve the investment objective of the investment products, there can be no assurance that those objectives will be met.
J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide. To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy. Investment is subject to documentation. The Annual Reports and Financial Statements, AIFMD art. 23 Investor Disclosure Document and PRIIPs Key Information Document can be obtained free of charge from JPMorgan Funds Limited or www.jpmam.co.uk/investmenttrust.
This communication is issued by JPMorgan Asset Management (UK) Limited, which is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England No: 01161446. Registered address: 25 Bank Street, Canary Wharf, London E14 5JP. 0903c02a82b09e83
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