JPMorgan Asian Investment Trust plc Announces Board Appointments
July 26, 2018 at 05:15 am EDT
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The Board of JPMorgan Asian Investment Trust plc announced the appointments of June Aitken and Sir Richard Stagg as Non-Executive Directors of the Company with effect from 26th July 2018. Ms. Aiken has over three decades of experience in Asian equity markets. She was a founding partner and investor of Osmosis Investment Management LLP, a company established in 2009, which uses quantitative methodology to identify resource efficient companies. Prior to this, Ms. Aitken held numerous senior roles at HSBC Bank plc, London, where she was Global Head of Emerging Market Equity Distribution from 2004 to 2006 and Head of Strategy Management for two years after that. Ms. Aitken is currently a partner in a private consultancy business advising asset managers. Sir Richard Stagg is a former member of the British Diplomatic Service. He is currently Chairman of Rothschild India, chairman of Afghan Connection (a charity which supports education and cricket), a Trustee of the Turquoise Mountain Foundation (which works in Afghanistan and Burma) and a Trustee of SOAS (the School of Oriental and African Studies). He is also on the Advisory Board of the UK/India Business Council.
JPMorgan Asia Growth & Income plc is a United Kingdom-based investment trust company. The Company's objective is to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan. The Company pays quarterly dividends equivalent to 1% of its net asset value, set on the last business day of each financial quarter. It also has the ability to use gearing up to a maximum level of 20% of net assets to increase potential returns to shareholders. The Company invests in various sectors, such as financials, information technology, consumer discretionary, industrials, communication services, materials, health care, real estate, consumer staples, energy, utilities and others. It also has investments in various geographic areas, including China, India, Taiwan, Korea, Hong Kong, Singapore, Indonesia, Thailand, Australia, Malaysia and Philippines. JPMorgan Funds Limited is the Alternative Investment Fund Manager of the Company.