{"id":1918,"date":"2017-02-13T01:01:40","date_gmt":"2017-02-13T01:01:40","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1918"},"modified":"2017-01-12T07:52:52","modified_gmt":"2017-01-12T07:52:52","slug":"jpmorgan-global-convertibles-income-fund-limited","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1918","title":{"rendered":"JPMorgan Global Convertibles Income Fund Limited"},"content":{"rendered":"<p>The JPMorgan Global Convertibles Income Fund Limited is a London Listed Investment Trust.<\/p>\n<p><a href=\"https:\/\/am.jpmorgan.com\/gb\/en\/asset-management\/gim\/per\/products\/d\/jpmorgan-global-convertibles-income-fund-ltd-ordinary-shares-gg00b96sw597##Aboutthistrust\" target=\"_blank\">https:\/\/am.jpmorgan.com\/gb\/en\/asset-management\/gim\/per\/products\/d\/jpmorgan-global-convertibles-income-fund-ltd-ordinary-shares-gg00b96sw597##Aboutthistrust<\/a><\/p>\n<p>It holds investments in the following sectors:-<\/p>\n<p>Communications 20.50 %<br \/>\nReal Estate 18.00 %<br \/>\nConsumer Cyclicals 12.10 %<br \/>\nIndustrial 9.90 %<br \/>\nConsumer Non-cyclical 8.10 %<br \/>\nOther financials 6.30 %<br \/>\nBasic Materials 6.00 %<br \/>\nBanks 5.80 %<br \/>\nTechnology 4.90 %<br \/>\nEnergy 4.60 %<br \/>\nUtilities 3.80 %<\/p>\n<p><a href=\"http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=9768953&amp;action=\" target=\"_blank\">http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=9768953&amp;action=<\/a><\/p>\n<p>A \u00a3175m Investment Fund, <strong>paying out 5% yield<\/strong><\/p>\n<p>Holding\u00a0Security Description\u00a0Market Value\u00a0% of Fund<\/p>\n<p>7,000,000.00\u00a0<strong>CHINA OVERSEAS FINANCE INVESTMENT CAYMAN V LTD<\/strong> PUTABLE CONVERTIBLE BOND ZERO CPN 05\/JAN\/2023 USD\u00a05,898,312.86\u00a0<strong>2.90%<\/strong><br \/>\n9,500,000.00\u00a0<strong>CAPITALAND LTD<\/strong> CONVERTIBLE BOND FIXED 1.85% 19\/JUN\/2020 SGD 250000\u00a05,432,378.68\u00a0<strong>2.67%<\/strong><br \/>\n6,000,000.00\u00a0<strong>SUBSEA 7 SA<\/strong> CONVERTIBLE BOND FIXED 1% 05\/OCT\/2017 USD 200000\u00a04,828,405.39\u00a0<strong>2.37%<\/strong><br \/>\n5,616,000.00\u00a0<strong>VEREIT INC<\/strong> CONVERTIBLE BOND FIXED 3.75% 15\/DEC\/2020 USD 1000\u00a04,680,383.43\u00a0<strong>2.30%<\/strong><br \/>\n5,277,000.00<strong>\u00a0REDWOOD TRUST<\/strong> INC CONVERTIBLE BOND FIXED 4.625% 15\/APR\/2018 USD 1000\u00a04,333,026.97\u00a0<strong>2.13%<\/strong><br \/>\n5,636,000.00\u00a0<strong>TWITTER INC<\/strong> CONVERTIBLE BOND FIXED 1% 15\/SEP\/2021 USD 1000\u00a04,250,381.49\u00a0<strong>2.09%<\/strong><br \/>\n5,000,000.00\u00a0<strong>INTERNATIONAL CONSOLIDATED AIRLINES<\/strong> GROUP SA CONVERTIBLE BOND FIXED .25% 17\/NOV\/2020 EUR 100000\u00a04,152,612.93\u00a0<strong>2.04%<\/strong><br \/>\n38,000,000.00\u00a0<strong>KINGSOFT CORP LTD<\/strong> PUTABLE CONVERTIBLE BOND FIXED 1.25% 11\/APR\/2019 HKD 1000000\u00a03,973,427.62\u00a0<strong>1.95%<\/strong><br \/>\n3,549,000.00\u00a0<strong>LIBERTY INTERACTIVE LLC<\/strong> CALLABLE CONVERTIBLE BOND FIXED 4% 15\/NOV\/2029 USD 930.3369\u00a01,798,627.08\u00a0<strong>0.88%<\/strong><br \/>\n2,635,000.00\u00a0<strong>LIBERTY INTERACTIVE LLC<\/strong> CALLABLE CONVERTIBLE BOND FIXED 3.75% 15\/FEB\/2030 USD 948.4356\u00a01,297,644.19\u00a0<strong>0.64%<\/strong><br \/>\n1,029,000.00\u00a0<strong>LIBERTY INTERACTIVE LLC<\/strong> CALL\/PUT CONVERTIBLE BOND FIXED 1.75% 30\/SEP\/2046 USD 1000\u00a0847,034.99\u00a0<strong>0.42%<\/strong><br \/>\n41,824,100.00\u00a0<strong>AIR FRANCE-KLM PUTABLE<\/strong> CONVERTIBLE BOND FIXED 2.03% 15\/FEB\/2023 EUR 10.3\u00a03,912,947.65\u00a0<strong>1.92%<\/strong><br \/>\n4,528,000.00\u00a0<strong>FANG HOLDINGS LTD<\/strong> PUTABLE CONVERTIBLE BOND FIXED 2% 15\/DEC\/2018 USD 1000\u00a03,653,108.45<strong>\u00a01.79%<\/strong><br \/>\n4,545,000.00\u00a0<strong>YANDEX NV<\/strong> CONVERTIBLE BOND FIXED 1.125% 15\/DEC\/2018 USD 1000\u00a03,564,450.49\u00a0<strong>1.75%<\/strong><br \/>\n4,000,000.00\u00a0<strong>SGL CARBON SE<\/strong> CONVERTIBLE BOND FIXED 2.75% 25\/JAN\/2018 EUR 100000\u00a03,425,344.50\u00a0<strong>1.68%<\/strong><br \/>\n3,500,000.00\u00a0<strong>AABAR INVESTMENTS PJSC<\/strong> MEDIUM TERM NOTE FIXED 1% 27\/MAR\/2022 EUR 100000\u00a02,294,038.06\u00a0<strong>1.13%<\/strong><br \/>\n1,500,000.00\u00a0<strong>AABAR INVESTMENTS PJSC<\/strong> MEDIUM TERM NOTE FIXED .5% 27\/MAR\/2020 EUR 100000\u00a01,080,801.69<strong>\u00a00.53%<\/strong><br \/>\n3,100,000.00\u00a0<strong>MARKET TECH HOLDINGS LTD<\/strong> PUTABLE CONVERTIBLE BOND FIXED 2% 31\/MAR\/2020 GBP 100000\u00a03,158,900.00\u00a0<strong>1.55%<\/strong><br \/>\n3,922,000.00\u00a0<strong>YY INC<\/strong> PUTABLE CONVERTIBLE BOND FIXED 2.25% 01\/APR\/2019 USD 1000\u00a03,128,059.29\u00a0<strong>1.54%<\/strong><br \/>\n3,750,000.00\u00a0<strong>HAITIAN INTERNATIONAL HOLDINGS LTD<\/strong> PUTABLE CONVERTIBLE BOND FIXED 2% 13\/FEB\/2019 USD 250000\u00a03,125,256.03<strong>\u00a01.54%<\/strong><br \/>\n3,681,000.00\u00a0<strong>STARWOOD PROPERTY TRUST<\/strong> INC CONVERTIBLE BOND FIXED 3.75% 15\/OCT\/2017 USD 1000\u00a03,092,248.11\u00a0<strong>1.52%<\/strong><br \/>\n3,100,000.00\u00a0<strong>CARILLION FINANCE JERSEY LTD<\/strong> CONVERTIBLE BOND FIXED 2.5% 19\/DEC\/2019 GBP 100000\u00a02,989,950.00\u00a0<strong>1.47%<\/strong><br \/>\n3,600,000.00\u00a0<strong>DP WORLD LTD<\/strong> PUTABLE CONVERTIBLE BOND FIXED 1.75% 19\/JUN\/2024 USD 200000\u00a02,922,843.87\u00a0<strong>1.44%<\/strong><br \/>\n2,765.00\u00a0<strong>WELLS FARGO &amp; CO.<\/strong> PREFERENCE 7.50%\u00a02,921,492.41\u00a0<strong>1.44%<\/strong><br \/>\n2,900,000.00\u00a0<strong>ST MODWEN PROPERTIES SECURITIES JERSEY LTD<\/strong> CONVERTIBLE BOND FIXED 2.875% 06\/MAR\/2019 GBP\u00a02,753,550.00\u00a0<strong>1.35%<\/strong><br \/>\n3,200,000.00\u00a0<strong>TOTAL SA<\/strong> MEDIUM TERM NOTE FIXED .5% 02\/DEC\/2022 USD 200000\u00a02,718,257.09<strong>\u00a01.34%<\/strong><br \/>\n3,200,000.00\u00a0<strong>ZHEN DING TECHNOLOGY HOLDING LTD<\/strong> PUTABLE CONVERTIBLE BOND ZERO CPN 26\/JUN\/2019 USD 100000\u00a02,647,227.52\u00a0<strong>1.30%<\/strong><br \/>\n3,200,000.00\u00a0<strong>TELEFONICA SA<\/strong> MEDIUM TERM NOTE FIXED 6% 24\/JUL\/2017 EUR 100000\u00a02,624,343.63\u00a0<strong>1.29%<\/strong><br \/>\n2,900,000.00\u00a0<strong>IBERDROLA INTERNATIONAL BV<\/strong> CONVERTIBLE BOND ZERO CPN 11\/NOV\/2022 EUR 100000\u00a02,585,313.56\u00a0<strong>1.27%<\/strong><br \/>\n2,503.00\u00a0<strong>BANK OF AMERICA CORP. PREFERENCE<\/strong> 7.25%\u00a02,520,631.15\u00a0<strong>1.24%<\/strong><br \/>\n3,100,000.00\u00a0<strong>AMERICA MOVIL BV<\/strong> CONVERTIBLE BOND FIXED 5.5% 17\/SEP\/2018 EUR 100000\u00a02,517,839.21<strong>\u00a01.24%<\/strong><br \/>\n2,500,000.00\u00a0<strong>VODAFONE GROUP PLC<\/strong> CONVERTIBLE BOND ZERO CPN 26\/NOV\/2020 GBP 100000\u00a02,478,500.00\u00a0<strong>1.22%<\/strong><\/p>\n<p>Balance of portfolio\u00a0101,939,208.56\u00a050.08%<\/p>\n<p>Total portfolio\u00a0\u00a0203,546,546.90\u00a0100.00%<\/p>\n<p>Interesting to see that that the fund is at a massive discount. <strong>Assets of \u00a3203m<\/strong> and <strong>stock market valuation of \u00a3175m<\/strong><\/p>\n<p>Another way of looking at it is to say, it is like <strong>buying 203p for only 175p<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The JPMorgan Global Convertibles Income Fund Limited is a London Listed Investment Trust. https:\/\/am.jpmorgan.com\/gb\/en\/asset-management\/gim\/per\/products\/d\/jpmorgan-global-convertibles-income-fund-ltd-ordinary-shares-gg00b96sw597##Aboutthistrust It holds investments in the following sectors:- Communications 20.50 % Real Estate 18.00 % Consumer Cyclicals 12.10 % Industrial 9.90 % Consumer Non-cyclical 8.10 % Other financials 6.30 % Basic Materials 6.00 % Banks 5.80 % Technology 4.90 % Energy 4.60 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1918","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1918"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1918\/revisions"}],"predecessor-version":[{"id":1919,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1918\/revisions\/1919"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}