Confidence in London’s investment trusts has been pounded by the global sell-off after a decade-long binge on easy money flooding the market. JP Morgan Global Growth and Income is among a sliver of London-listed investment trusts that trade at a premium to the value of its assets.
Compared with its peers, its performance has been strikingly consistent. Over the ten years to the end of December, it has outperformed its benchmark MSCI All Country World Index in every year bar one. Net of fees, the value of the fund’s assets had risen by a cumulative 247 per cent, versus a return of 191 per cent by the index, and it has extended this record of beating the benchmark over the first two months of this
