Key Points
- Insider purchase: Joanne Wong acquired 6,500 JPMorgan China Growth & Income shares at an average price of GBX 239, investing a total of £15,535.
- Stock performance: JCGI opened at GBX 228.50, with a market capitalization of £179.24 million and a 52-week trading range of GBX 221 to GBX 307. Its 50-day and 200-day moving averages were GBX 259.10 and GBX 271.26, respectively.
- Investment strategy: The trust focuses on Chinese and Greater China companies benefiting from the shift toward a consumer-driven economy, while aiming to provide predictable quarterly income distributions.
JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) insider Joanne Wong acquired 6,500 shares of the business's stock in a transaction that occurred on Wednesday, October 21st. The stock was bought at an average cost of GBX 239 per share, for a total transaction of £15,535.
JPMorgan China Growth & Income Stock Performance
JPMorgan China Growth & Income stock opened at GBX 228.50 on Friday. The stock has a market capitalization of £179.24 million, a price-to-earnings ratio of 6.83 and a beta of 0.83. The stock's 50 day moving average price is GBX 259.10 and its two-hundred day moving average price is GBX 271.26. JPMorgan China Growth & Income plc has a 52-week low of GBX 221 and a 52-week high of GBX 307.
JPMorgan China Growth & Income Company Profile
(
Get Free Report)
Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points
Expertise - Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio - Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results - Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.
Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.
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