JPMorgan Multi-Asset Grwth & Income Initiation research from QuotedData
11 Octubre 2021 - 7:56AM
RNS Non-Regulatory
TIDMMATE
JPMorgan Multi-Asset Grwth & Income
11 October 2021
JPMorgan Multi-Asset Growth & Income - New policy bearing
fruit
11(th) October 2021
New policy bearing fruit
There are many investors looking for high and growing income and
a modest level of capital growth. JPMorgan Multi-Asset Growth &
Income (MATE), with a portfolio diversified across a range of
different asset classes, was designed with this in mind.
MATE was established about three and a half years ago. As the
trust approached its third anniversary, the board took stock. The
long-term performance objective of 6% per annum total returns on
average over five years seemed to be on track. However, the board
was concerned that a requirement that dividend payments be covered
by net earnings was too restraining for the managers. MATE's
returns were lagging its peer group.
By removing this constraint, MATE's manager can focus on the
overall total return, including income, without having the
restriction of needing to target investments that provide a
particular income level, which means that it is no longer be
fighting with one hand tied behind its back.
Equally importantly, MATE would be able to commit to growing its
dividend at least in-line with inflation (as measured by UK CPI).
We believe that this is a powerful selling point for investors who
have been scarred by the last year's events, where many companies
and investment vehicles slashed their dividends.
This note sets out the managers' approach to delivering on the
objective and explores what has been driving returns to date.
Full research:
https://quoteddata.com/research/jpmorgan-multiasset-growth-income-policy-bearing-fruit
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