JPMorgan China Growth & Income (LON:JCGI) Trading Down 0.5% – Here’s What Happened

JPMorgan China Growth & Income plc (LON:JCGI) shares dropped 0.5% on Wednesday . The stock traded as low as GBX 283 and last traded at GBX 285.50. Approximately 340,130 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 236,518 shares. The stock had previously closed at GBX 287.

JPMorgan China Growth & Income Stock Down 0.5%

The firm has a 50-day simple moving average of GBX 293.25 and a 200-day simple moving average of GBX 265.78. The stock has a market cap of £237.16 million, a PE ratio of 5.16 and a beta of 0.47.

JPMorgan China Growth & Income Company Profile

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.