Fact sheet: JPM Brazil Invt Tr plc

Fund information
Fund name
JP Morgan Brazil Investment Trust plc
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund managers
  • Luis Carrillosince 25/04/2010
  • Sophie Bosch de Hoodsince 01/01/2014
Fund objective
To provide shareholders with long term total returns, predominantly comprising capital growth but with the potential for income by investing primarily in Brazilian focused companies.
Benchmark
  • MSCI Brazil 10/40
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
49.8%
1 Year rank in sector
1/1
Sector
IT Country Specialists Latin America
Yield
-
Fund size
£23m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
236
Mid price
57.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
64.11
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-10.31
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
101
Top in this sector
Fund name1 Year
JPM Brazil Invt Tr plc49.8%
...more in IT Country Specialists Latin America

Performance snapshot

Holdings snapshot

  • Brazil98.5%
    Money Market1.5%
  • Financials30.9%
    Industrials19%
    Consumer Discretionary13.3%
    Consumer Staples9.6%
    Information Technology7.2%
  • Brazilian Equities98.5%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-14.7%-1.7%34.5%49.8%-14.8%-28.4%
Sector-14.7%-1.7%34.5%49.8%-14.4%-28%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund61.4%-39.9%-7.5%-22.6%1.6%
Sector61.4%-39.9%-7%-22.6%1.6%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.12
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.01
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0.02
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
32.91
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.11
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.16
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
1
Price movement
52 week high69
52 week low33.25
Current bid price56.5
Current offer price58.5
Current mid price57.5
Region
1Brazil98.5%
2Money Market1.5%
Industry sector
1Financials30.9%
2Industrials19%
3Consumer Discretionary13.3%
4Consumer Staples9.6%
5Information Technology7.2%
6Utilities5.8%
7Health Care5.5%
8Energy3.9%
9Real Estate2.3%
Asset type
1Brazilian Equities98.5%
2Money Market1.5%
Individual holdings
1MULTIPLO ADR PREFERENCE9.8%
2BANCO BRADESCO SA ADR EACH REPR 1 PRF NPV SPON7.7%
3RAIA DROGASIL SA5.5%
4BB SEGURIDADE PARTICIPACOES SA4.7%
5KROTON EDUCACIONAL SA4.4%
6LOJAS RENNER SA3.9%
7ULTRAPAR PARTICIPACOES SA3.9%
8WEG SA3.9%
9BM&F BOVESPA SA BOLSA DE VALORES ME3.8%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
Investment Trust
Fund objective
To provide shareholders with long term total returns, predominantly comprising capital growth but with the potential for income by investing primarily in Brazilian focused companies.
Benchmark
  • MSCI Brazil 10/40
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Luis Carrillo25/04/2010Luis Carrillo, managing director, is a regional portfolio manager and the head of the Latin America Group, with a specialisation in Mexico, within the Emerging Markets and Asia Pacific Equities Team. He joined the firm in 1998 and is based in New York. Previously, he was with several consulting firms where he offered strategic and financial advice concerning Latin America and Asia. Luis holds a B.S. degree in engineering and a graduate degree in industrial engineering from the Universidad Anahuac in Mexico. He holds an M.B.A. in finance from the Wharton School of the University of Pennsylvania.
Sophie Bosch de Hood01/01/2014Sophie Bosch de Hood, executive director, is a regional portfolio manager for Latin America portfolios, with a specialisation in Brazil, within the Emerging Markets Equity Team based in New York. Sophie joined the firm in 1999 in the client side and in 2001 transitioned to work in research covering consumer and industrial companies in Latin America and EMEA. Sophie holds a B.A. in Business Management from the Wharton School and a B.S. in International Relations from the College of Arts and Science at the University of Pennsylvania. She speaks Spanish, English and Portuguese fluently.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
JP Morgan Brazil Investment Trust plc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price64.86
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJJJ
JP Morgan Brazil Investment Trust plc 1P Sub
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.255
CurrencyGBX
Price updated30/09/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeIWU6
Data provided by

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