Tag: MATE

  • Multi-Asset income fund, MATE, positioned to benefit from above-trend economic growth

    Multi-Asset income fund, MATE, positioned to benefit from above-trend economic growth

    JPMorgan Multi-Asset Growth & Income plc (LON:MATE) published their ‘month in review’ for March 2021. 

    Tim Mitchell, Investment Trust Client Director, at J.P. Morgan Asset Management, commented on the March performance of the trust and the future economic outlook for the rest of 2021:

    “The trust delivered a positive return on net assets in March. Equity contributed positively to performance. Our bespoke equity sleeve – which is run by the International Equity Group – was the biggest contributor to performance. Our tactical allocation to be long US small-caps was a contributor to performance, while our long position in emerging market equity and short in European equity detracted slightly. 

    Fixed income contributed positively to performance too. Our allocations across core government bonds and high yield contributed, while emerging market debt detracted.

    Looking ahead, Tim added, “We continue to believe that economic growth will be above trend for the rest of the year, initially powered by the US recovery and with other regions picking up by the middle of the year. We expect inflation to be volatile but ultimately contained while monetary policy remains accommodative. We therefore maintain our risk-on view; however, we seek to express it in a more nuanced way, reflecting the themes of higher yields, cyclical earnings recovery and above-trend growth.

    We favour cyclical equity regions and value as a style, preferring US small-caps, Europe and Japan to US large-caps and emerging markets. US yields have scope to rise further, supporting the dollar in turn. Credit, especially high yield, is still our preferred fixed income asset.”

    JPMorgan Multi-Asset Growth & Income plc (LON:MATE) combines sustainable income and capital growth from globally diversified investments. The Trust aims to achieve a long-term total return of 6% per annum and an initial annual dividend of 4% paid quarterly.

  • JPMorgan Multi-Asset Growth & Income declare fourth income dividend

    JPMorgan Multi-Asset Growth & Income declare fourth income dividend

    JPMorgan Multi-Asset Growth & Income plc (LON:MATE) have declared the following distribution:

    Fourth interim distribution

    A fourth interim distribution of 1.00 pence per ordinary share, for the year ending 28th February 2021, will be paid on 6th May 2021 to shareholders on the register at the close of business on 6th April 2021. The ex-dividend date will be 1st April 2021.

    For this fourth interim distribution, the Company has elected to ‘stream’ part of the distribution payment and thereby designate 0.29 pence per share as dividend to shareholders and 0.71 pence per share as an interest distribution to shareholders.

    Further details of the tax implications for shareholders of the interest ‘streaming’ regime can be found in Part 7 ‘Taxation’ of JPMorgan Multi-Asset Growth & Income’s prospectus dated 24th January 2018 and are referred to in the Company’s Annual Report and Financial Statements for the period ended 28th February 2019.