JPMorgan Brazil (Ordinary Share) JPB

Country Specialists: Latin America

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Estimated NAV (p)

64.00

Share Price (p)

61.85

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
JPMorgan Brazil (Ordinary Share) Price -21.51%
JPMorgan Brazil (Ordinary Share) NAV -25.84%
MSCI BRAZIL -21.33%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 62.5p -2.1% 64.00p 66.00p
22 Oct
101% 1.36%

Discrete performance % over

Fund / BenchmarkNov '11
Oct '12
Nov '12
Oct '13
Nov '13
Oct '14
JPMorgan Brazil (Ordinary Share) Price4.23-8.72-17.50
JPMorgan Brazil (Ordinary Share) NAV0.54-7.31-20.42
MSCI BRAZIL-3.99-1.11-17.14

Discrete performance over

Discrete Performance

Top 10 Holdings

Itau Unibanco Multiplo ADR 8.66%
Banco Bradesco SA ADR 5.88%
Petroleo Brasileiro SA Petrobras 5.67%
AmBev ADR 5.15%
Cielo Sa 4.54%
BB Seguridade Participacoes SA 4.02%
Valid Solucoes e Servicos de Seguranca 3.92%
Embraer S.A. ADR 3.40%
Kroton Educacional SA 2.68%
Itausa Investimentos Itau 2.68%

Sectors weighting

General Equity 97.00%
Net Current Assets 3.00%

Regional weighting

Other Countries 97.00%
Cash/Cash Equiv. 3.00%
  • Investment trust info:

  • Sector Country Specialists: Latin America
  • Launch Date 26 Apr 2010
  • Base Currency GBX
  • Domicile UK
  • Share Price (p) 61.85
  • Share Type Ordinary Share
  • TIDM JPB
  • ISIN GB00B602HS43
  • Shares Issued (M) 51
  • Market Capital (£M) 31.59
  • Gross Assets (£M) 32.55
  • Net Assets (£M) 32.25
  • TER (%) 1.47
  • Historic Dividend Yield (%) 1.36
  • Next Dividend Date 20 Aug 2015
  • Next Dividend (p) 0.85
  • Last AGM 15 Sep 2014
  • Next AGM 15 Sep 2015
  • Last Annual Report Date 01 Aug 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To provide shareholders with long term total returns, predominantly comprising capital growth but with the potential for income by investing primarily in Brazilian companies.
  • Management Group(s):

  • JP Morgan Asset Management (UK) Ltd
  • JPMorgan Asset Management (UK) Ltd
  • Managed by:

  • Luis Carrillo Start: 26 Apr 2010
  • Sebastian Luparia Start: 26 Apr 2010
  • Sophie Bosch Start: 04 Mar 2014
  • Management Contract & Fees:

    Under the terms of the Management Agreement, the management fee is charged at the rate of 1.0% per annum of the Company's total assets less current liabilities. The fee is calculated and paid monthly in arrears. Investments made by the Company in investment funds on which the Manager or a member of its group earns a fee are excluded from the calculation and therefore attract no management fee. In addition, the Manager is entitled to receive a performance fee equivalent to 10% of any outperformance of the Company's NAV per Ordinary Share (on a total return basis) over the Company's benchmark index, the MSCI Brazil 10/40 Index (in sterling terms), with net dividends reinvested. The performance fee is calculated and accrued annually in all outcomes. Only paid to JPMAM in a year when the Company delivers a positive NAV total return. The Management Agreement is terminable on six months' notice, such notice not to be given prior to the first anniversary of the Management Agreement.