JPMorgan Asia Growth & Income PLC GBP · LSE:JAGI
JPMorgan Asia Growth & Income PLC GBP — JPMorgan Asia Growth & Income — Shareholder Meeting (February 2025)
24 slides from JPMorgan Asia Growth & Income PLC GBP's shareholder meeting presentation, Feb 19, 2025
Slide 1: JPMorgan Asia Growth & Income plc Annual General Meeting
JPMorgan Asia Growth & Income plc Annual General Meeting 19 February 2025 Pauline Ng, Portfolio Manager Robert Lloyd, Portfolio Manager This is a marketing communication. Please refer to the KID (JPMorgan Asia Growth & Income plc) before making any final investment decisions FOR INSTITUTIONAL / WHOL
Slide 2: Executive summary
Executive summary Investing in innovation and technology across Asia ▪ JAGI takes an active, conviction-led approach to invest in profitable companies that demonstrate growth potential over the long-term ▪ With nearly 50 years of combined industry experience, portfolio managers A locally based and h
Slide 3: Performance
Performance ASSET MANAGEMENT
Slide 4: Asia equities performance: Dispersion remains wide across the region
Asia equities performance: Dispersion remains wide across the region MSCI Indices Total Return Calendar year 2023 Calendar year 2024 Taiwan 30.4% Taiwan 34.4% Korea 23.2% Singapore 32.3% India 20.8% Malaysia 20.7% Japan China 19.4% 20.3% India 11.2% Australia 14.8% Japan 8.3% Indonesia 7.3% Thailand
Slide 5: Financial year performance
Financial year performance JPMorgan Asia Growth & Income plc as of 30 September 2024 Annualised performance (%) Three months Six months YTD One year Three years Five years Ten years Since launch JPMorgan Asia Growth & Income plc (NAV) 1.71 9.76 14.99 14.84 0.77 4.92 9.39 7.29 MSCI AC Asia ex Japan (
Slide 6: Performance
Performance JPMorgan Asia Growth & Income plc as of 31 December 2024 Market Value JPMorgan Asia Growth & Income plc (NAV) GBP 329.6m Annualised performance (%) Three months Six months One year Three years Five years Ten years Since launch JPMorgan Asia Growth & Income plc (NAV) -0.08 1.63 14.90 1.56
Slide 7: Performance attribution - 1 year
Performance attribution - 1 year As of 30 September 2024 Sector (%) Stock: -3.56 | Sector: 1.07 Market (%) Stock: -0.35 | Market: -2.14 Source: J.P. Morgan Asset Management. JPMorgan Asia Growth and Income PLC (621233). (o) = overweight, (u) = underweight, (n) = neutral. Please note the attribution
Slide 8: Stock attribution - 1 year
Stock attribution - 1 year As of 30 September 2024 Relative Stock Impact Relative Stock Impact Top contributors Top detractors weight (%)1 return (%) (%) weight (%)1 return (%) (%) Alibaba -1.90 41.60 1.16 Meituan 0.13 38.49 -0.92 Foxconn Industrial Internet 0.71 73.55 0.81 Yum China 0.72 -22.51 -0.
Slide 9: Why Asia?
Why Asia? J.PMorgan ASSET MANAGEMENT
Slide 10: Asia is increasingly dominant in hardware and semiconductors
Asia is increasingly dominant in hardware and semiconductors Semiconductor production by location Semiconductor production by type % global share % share of global semiconductor wafer production capacity, 2019 Source: J.P. Morgan Asset Management. VLSI Research Projection, SEMI second quarter 2020 u
Slide 11: Naver (Korea) – new initiatives to drive user engagement and revenue
Naver (Korea) – new initiatives to drive user engagement and revenue Naver’s new shopping tab Revenue growth has inflected Old New Re-acceleration driven by strong performance in ads (better targeting, inventory expansion from in-feed ads) and new E-com execution strategies (Netflix bundling, AI-gen
Slide 12: Opportunities in China
Opportunities in China HK Exchange NetEase Source: J.P.Morgan Asset Management. Images from Shutterstock The companies above are shown for illustrative purposes only. Their inclusion should not be interpreted as a recommendation to buy or sell. 12
Slide 13: India is enjoying an investment-led expansion after years of policy reform
India is enjoying an investment-led expansion after years of policy reform Price/Earnings (x) by Market Cap Mahindra & Mahindra 40 35 30 25 20 15 10 5 Large Small and Mid cap 0 12/2003 12/2004 12/2005 12/2006 12/2007 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 12/2014 12/2015 12/2016 12/2017 12/
Slide 14: Outlook for Asian equities
Outlook for Asian equities We transition from election uncertainty to policy uncertainty in 2024 post the US election The US Economy could be stronger than expected near term if the incoming Trump 1. administration pursues tax cuts and deregulation. Positives 2. Tech cycle – AI investment strong, bu
Slide 15: Current positioning
Current positioning ASSET MANAGEMENT
Slide 16: Sector and market positions
Sector and market positions As of 31 December 2024 Sector positions Relative weight (%) Portfolio 15.5 5.4 28.8 3.1 3.5 21.8 5.1 3.5 13.1 3.7 1.4 2.0 4.2 10.3 0.3 weight (%) Market positions Relative weight (%) Portfolio 3.8 1.9 1.5 11.3 5.4 22.3 0.0 31.2 0.0 0.0 2.3 0.0 20.0 0.3 weight (%) Source:
Slide 17: Stock positioning
Stock positioning As of 31 December 2024 Top 10 holdings Portfolio weight (%) Top 5 overweights Portfolio weight (%) Relative weight (%) TSMC 13.46 Tencent 8.21 3.08 Tencent 8.21 Hong Kong Exchanges and Clearing 3.07 2.39 Largan Precision 2.03 1.91 Samsung Electronics 4.40 Delta Electronics 2.29 1.9
Slide 18: Portfolio characteristics
Portfolio characteristics As of 31 December 2024 Portfolio Benchmark Strategic classification 12-Month Forward Price to Earnings (x) 14.5 12.8 Price to book (x) 2.3 1.8 Dividend yield (%)* 2.0 2.3 Return on equity (%) 11.9 10.6 Net debt to equity (%)** 2.9 21.8 Five year expected growth rate (%)***
Slide 19: Executive summary
Executive summary Investing in innovation and technology across Asia ▪ JAGI takes an active, conviction-led approach to invest in profitable companies that demonstrate growth potential over the long-term ▪ With nearly 50 years of combined industry experience, portfolio managers A locally based and h
Slide 20: Q&A
20 &A J.PMorgan ASSET MANAGEMENT
Slide 21: Thank you
Thank you J.PMorgan ASSET MANAGEMENT
Slide 22: Investment objective and risk profile
Investment objective and risk profile JPMorgan Asia Growth & Income plc Risk profile Exchange rate changes may cause the value of underlying overseas investments to go down as well as up. Investment objective Investments in emerging markets may involve a higher element of risk due to political and e
Slide 23: Important information
Important information This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be tak en as advice or a recommendation, to buy or sell any investment or interest thereto. Reliance upon information in this material is at the sole discretio
Slide 24: JPMorgan Asia Growth & Income plc Annual General Meeting
JPMorgan Asia Growth & Income plc Annual General Meeting 19 February 2025 This is a marketing communication. Please refer to the KID (JPMorgan Asia Growth & Income plc) before making any final investment decisions FOR INSTITUTIONAL / WHOLESALE / PROFESSIONAL CLIENTS AND QUALIFIES INVESTORS ONLY—NOT
JPMorgan Asia Growth & Income — Shareholder Meeting (February 2025) on 6ix