JP Morgan UK Equity & Bond Inc A Acc Retl NAV

IMA Sector:

UK Equity & Bond Income

ISIN:

GB0030882301

Fund Type:

OEIC

167.10p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 15-Dec-2017
  • Change: -0.20p
  • Change %: -0.12%
  • Currency: GBP
  • YTD change: 167.10p
  • YTD %: n/a

Fund Objective

To provide a high and stable income, with the prospect of capital and income growth over the long term.This Fund is made up of around 70% UK equities and 30% UK investment grade bonds, A and AA rated.

View on Past Performance

The UK stock market ended the quarter lower, along with global markets. The volatile period was dominated by worries about rising inflation, risks of weaker growth, volatile commodity prices, falling house prices and the ongoing financial market turmoil.Within the equity portion of the fund, an overweight in nonlife insurance and an overweight and stock selection in pharmaceuticals & biotechnology positively contributed, while an underweight in food & drug retailers and an overweight in mining detracted.At the stock level, underweights in mining companies Rio Tinto and Eurasian Natural Resources benefited relative returns, while overweights in Kazakhmys, BHP Billiton, Antofagasta and Vedanta Resources detracted, as falling commodity prices and fears over slowing global economic growth weighed on the sector.An underweight in HBOS was beneficial in relative terms. The mortgage lender fell on concerns over its exposure to the weakening UK housing market, and Lloyds TSB agreed to buy it in a government-engineered deal. An overweight in AstraZeneca also benefited performance after the drugmaker received broker upgrades on its short-term earnings and pipeline momentum.

Future Expectations

UK equities are at historically attractive levels. However, with economic growth faltering, ongoing financial sector difficulties, high borrowing costs, falling house prices and reduced consumption, the outlook for corporate profits appears weak.Markets are unlikely to normalise until borrowing rates normalise, banks recapitalise themselves, property prices stabilise and private sector credit demand begins to recover. Furthermore, earnings momentum needs to improve.

Fund Details

Latest Price 167.10p IMA Sector UK Equity & Bond Income
Currency British Pound Launch Date 01/10/1994
Fund Size n/a Fund Manager Jamie Streeter / James Illsley / Talib Sheikh
ISIN GB0030882301 Dividend 0.00p

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Price Info

Date 15-Dec-2017
NAV 167.10p
Currency GBP
Change -0.20p
% -0.12%
YTD change 167.10p
YTD % n/a

Fund Facts

Fund Inception 01/10/1994
Fund Manager Jamie Streeter / James Illsley / Talib Sheikh
TER 1.68 (31-Jan-2013)

Fund Reports

Minimum Investment
Initial £1000
Additional £100
Savings £100
Charges
Initial 3.50%
Annual Mang't 1.50%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio 0.07

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