RCS - JPMorgan Japanese IT - Annual Overview form QuotedData

JPMorgan Japanese Investment TrustAnnouncement

29/10/2024 12:30

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RNS Number : 0838K  JPMorgan Japanese Inv. Trust PLC  29 October 2024

JPMorgan Japanese Investment Trust - Annual Overview from QuotedData

29(th) October 2024

Conviction drives returns

Having delivered impressive returns through 2023, Japanese markets have
continued to rise this year, although it has not been entirely smooth sailing
for the world's third-largest economy. A tumbling currency and a 41-year high
for inflation (https://quoteddata.com/glossary/inflation/)  set the stage
for successive interest rate hikes
(https://quoteddata.com/glossary/interest-rate/)  for the first time in
almost two decades. The second of these sent ripples through the stock market,
contributing to a historic sell-off for Japanese equities. The
recent volatility (https://quoteddata.com/glossary/volatility/)  has been
particularly harrowing for yen-sensitive exporters (which benefit from a
falling currency), which include some of Japan's largest companies.
Positively, JPMorgan Japanese Investment Trust (JFJ) has very limited exposure
to these sectors of the market, focusing instead on high-quality growth
(https://quoteddata.com/glossary/growth-investing/)  stocks that stand to
benefit from the structural changes occurring across the economy.

This strategy has led to a period of solid outperformance for JFJ's shares and
has continued to deliver impressive fundamental results, with strong earnings
(https://quoteddata.com/glossary/earnings/)  and revenue
(https://quoteddata.com/glossary/revenue/)  growth witnessed across
the portfolio. It remains early days in Japan's recovery; however,
developments over the past year are increasingly encouraging and, for a
newly-enlarged JFJ following the announced combination with Japan Small Cap
Growth & Income, which is due to complete on 24 October 2024 subject to
receipt of final approval from JGSI's shareholders, should provide the
foundation for a period of long-term growth.

Full Research:

https://quoteddata.com/research/jpmorgan-japanese-investment-trust-conviction-drives-returns-qd/
(https://quoteddata.com/research/jpmorgan-japanese-investment-trust-conviction-drives-returns-qd/)

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