Final results are out this morning for JPMorgan Global Growth & Income (JGGI) -
Source - https://www.investegate.co.uk/announcement/rns/jpmorgan-global-growth-income--jggi/final-results-to-30th-june-2023/7779829
I bought into JGGI some time ago, as part of my specific desire to include more global markets into my long-term income-strategy, and to hopefully provide some increased opportunities for capital gains to be delivered alongside a primary goal of dividend-based income-delivery.
At a yield of around 4%, I've been happy to see that they continue to deliver to those twin requirements, and I've been particularly happy with the long-term share-price growth given recent global market issues, and especially their swift recovery following the broadly-seen COVID-related issues at the start of 2020 -
Source - https://www.google.com/finance/quote/JGGI:LON?window=MAX
JGGI currently have around 65% of their investments being US-facing, and for info, here's a link to the AIC page showing JGGI's current portfolio breakdown - https://www.theaic.co.uk/companydata/jpmorgan-global-growth-income/portfolio
JGGI have a dividend policy of paying around 4% of their previous-year NAV, and whilst this policy clearly introduces a risk of dividend-fluctuation beyond that seen in perhaps more 'traditional' dividend-paying stocks, I'm been happy to introduce this approach into my income-strategy where higher NAV-based growth opportunities in the markets that they operate in might hopefully, over the long-term, override any potential shorter-term dividend fluctuations that might arise from such a NAV-based approach.
Cheers,
Itsallaguess
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JPMorgan Global Growth & Income (JGGI) - Final Results
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Re: JPMorgan Global Growth & Income (JGGI) - Final Results
I like this IT even if I am not so sure about their dividend policy, but it seems to work. Obviously, the various changes this year have very much worked to their advantage and these are good results surely.
Thanks again , IAAG.
Dod
Thanks again , IAAG.
Dod
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