JPMorgan Global Growth & Income PLC GBP · LSE:JGGI
JPMorgan Global Growth & Income PLC GBP — JPMorgan Global Growth & Income — Shareholder Meeting (October 2023)
17 slides from JPMorgan Global Growth & Income PLC GBP's shareholder meeting presentation, October 2023
Slide 1: JPMorgan Global Growth & Income plc (JGGI) AGM
October 2023 JPMorgan Global Growth & Income plc (JGGI) AGM Helge Skibeli, CFA James Cook, CFA Tim Woodhouse, CFA Portfolio Manager Portfolio Manager Portfolio Manager International Equity Group International Equity Group International Equity Group This is a marketing communication. Please refer to
Slide 2: JGGI: JPMorgan's top 50 global ideas
JGGI: JPMorgan’s top 50 global ideas We aim to offer superior quality of earnings, growing faster, at a similar price than the market Fund Information Highly Competitive Performance Inception Date: 30-September-2008 • Three and Five years annualized fund return 4.8% and 2.9% ahead of MSCI ACWI Index
Slide 3: JGGI has delivered award winning performance
JGGI has delivered award winning performance MSCI All Country World Index versus JGGI – NAV Net of Fees (in GBP) rebased to 100 180 JGGI - NAV Net of fees MSCI All Country World Index 75% 170 160 150 140 45% 130 120 >30% Excess Returns 110 100 90 80 Apr-19 Aug-19 Dec-19 Apr-20 Aug-20 Dec-20 Apr-21 A
Slide 4: Agenda
Agenda: Our Core Objectives Our Positioning Performance 4 For Professional Clients only — Not for retail use or distribution
Slide 5: JGGI: JPMorgan's Top global ideas
JGGI: JPMorgan’s Top 50 global ideas A process focusing on Quality, Growth A truly global research platform & Cash Flows Superior Quality of Earnings Faster Earnings Growth At a Similar Price % of Portfolio In Premium/Quality* Trend Earnings Growth Forecast** Normalized FCF Yield*** 90% 12% 11.8% 8%
Slide 6: JGGI consistent large cap core profile, performance in growth and value
JGGI: JPMorgan’s Top 50 global ideas JGGI has a consistent Large Cap Core Profile JGGI has delivered strong performance both in growth and value environments Growth Value Growth 150 MISC World Growth vs. Value Cumulative 140 130 Returns Index 120 110 100 90 80 Apr 19 Feb 20 Dec 20 Oct 21 Aug 22 Jun
Slide 7: JGGI: Key Criteria for Stock Selection
JGGI: 3 Key Criteria for Stock Selection Less than 3% of companies under coverage make the portfolio Is there significant valuation upside? We believe the value of a business is driven by its long term earnings power and the quality of those earnings Clear Insight: What makes this stock perform? Fin
Slide 8: Global Core PMs: a highly experienced and tenured team
Global Core PMs: a highly experienced and tenured team A PM team managing three global strategies working in partnership with global research JGGI Global Select Global Dividend A core unconstrained portfolio concentrated on our A core, best ideas, A higher yield than the market compounding at a best
Slide 9: Global Equity Research: bringing together regional insights across the globe
Global Equity Research: bringing together regional insights across the globe Mark Ferguson Europe Global Head of Equity Research, (24/24) Maciej Wasilewicz Head of Research (16/8) Developed Asia 13 Research Analysts (19/11) David Gleeson Head of Research, (15/5) 15 Research Analysts (18/11) North Am
Slide 10: JGGI Positioning: Leaning into High Growth & Defensives
JGGI Positioning: Leaning into High Growth & Defensives High Growth Defensives High Growth Cyclicals +0.8% +8.2% High Growth +9.0% Tech Titans Silicon Stars +0.8% +8.2% Healthcare Steady Industrial Consumer +2.3% Stalwarts Cyclicals Cyclicals +5.8% -6.0% Low Growth -9.0% -4.3% Defensive Defensive Ra
Slide 11: JGGI holdings combine valuation, insight and conviction
JGGI holdings combine valuation, insight and conviction JPMorgan Global Growth & Income plc as of 30 September 2023 Benchmark MSCI All Country World Index (Total Return Net) Top ten Active Portfolio Positions Active weight (%) 4.0 3.76 3.44 3.38 3.5 3.25 3.0 2.74 2.62 2.52 2.49 2.42 2.5 2.37 2.0 1.5
Slide 12: ESG integration case study: Texas Instruments
ESG integration case study: Texas Instruments Analyst embeds positive exposure to the EV transition into higher earnings forecasts 1 Analyst expresses 2 Analyst accounts for insight in Analyst embeds positive view in 4 Positive differentiation 3 ESG insight Materiality Framework higher earnings grow
Slide 13: Prologis: A clear focus on their local communities
Prologis: A clear focus on their local communities Prologis rents distribution centres to tenants. They’re a beneficiary of ecommerce growth as online requires 3x the distribution space as traditional retail. Sustainable leaders Business fundamentals ● Prologis is tackling industry talent shortage w
Slide 14: Performance
Performance JPMorgan Global Growth & Income plc** as of 30 September 2023 Net Asset Value JGGI GBP 2.0 bn Performance (%) – GBP One Three Five Ten Since March Three months YTD year years years years 20192 JGGI – Net Asset Value 1.3 10.4 15.1 14.2 11.0 12.5 13.9 JGGI – Share Price 0.9 12.4 18.4 14.2
Slide 15: Performance attribution
Performance attribution Stock: 4.13 JPMorgan Global Growth & Income plc for 1 year ending 30 September 2023 Attribution summary Sector: -0.76 Benchmark MSCI AC World Index (£) Stock attribution Relative weight Stock return Impact Relative weight Stock return Impact Top contributors Top detractors (%
Slide 16: Investment objectives and risk profile
Investment objectives and risk profile JPMorgan Global Growth & Income plc (the Company) as of 30 June 2023 INVESTMENT OBJECTIVE AND POLICY ● Aims to provide superior total returns and outperform the MSCI All Country World Index over the long-term by investing in companies based around the world ● T
Slide 17: Important Information
Important Information For Professional Clients only – Not for retail use or distribution This is a marketing communication and as such the views contained herein do not form part of an offer, nor are they to be taken as advice or a recommendation, to buy or sell any investment or interest thereto. R
JPMorgan Global Growth & Income — Shareholder Meeting (October 2023) on 6ix