JPMorgan China Growth & Income (LON:JCGI) Sets New 52-Week Low – Here’s What Happened

JPMorgan China Growth & Income plc (LON:JCGI) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 250 and last traded at GBX 250.50, with a volume of 72095 shares. The stock had previously closed at GBX 254.50.

JPMorgan China Growth & Income Trading Down 1.6%

The stock has a fifty day simple moving average of GBX 266.74 and a two-hundred day simple moving average of GBX 274.03. The firm has a market cap of £196.50 million, a PE ratio of 7.48 and a beta of 0.83.

About JPMorgan China Growth & Income

Strategic thinking for Chinese markets

JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.

Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust

The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.