Investment Trusts
JPMorgan Japanese Investment Trust invests in Japanese companies with the objective of long-term capital growth. It favours businesses able to benefit from structural change, improving corporate governance and rising returns on capital.
Active investment in Japanese listed equities across technology, industrial automation, consumer, healthcare, financial and other sectors, with selective gearing.
Japan, although many portfolio companies are global exporters or international businesses whose earnings are influenced by worldwide demand.
Japanese corporate reform, wage and inflation trends, stock selection, digitalisation and automation, the yen, interest rates and changes in shareholder-friendly corporate behaviour.
Single-country concentration, yen volatility, global trade weakness, growth-stock valuation swings, stock-specific disappointments, gearing and a persistent discount to NAV.
1 June 2026: half-year results showed a 2.0% NAV return for the six months to March against 6.7% for TOPIX, although the 12-month NAV return was 24.5% versus 23.4% for the benchmark. The trust repurchased 4.5m shares during the half year.
Income is secondary to capital growth and the trust normally pays one annual dividend. The latest annual dividend was 8.70p per share and was paid during the six months to March 2026. No new 2026 dividend or ex-dividend date had been announced by 14 August.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.