WELLINGTON: JP Morgan Global Growth & Income Plc has announced that Alphabet Inc. remained the largest investor with 5.0 percent of the total assets as at 28 February 2021.
According to the company, top ten investment constituting 32.4% of total assets include:
Alphabet 5.0%
Microsoft 4.6%
Amazon 4.2%
NXP 2.9%
Analog Devices 2.8%
Samsung Electronics 2.8%
Coca-Cola 2.7%
adidas 2.6%
MasterCard 2.5%
ConocoPhillips 2.5%
JPMorgan Global Growth & Income plc, formerly JPMorgan Overseas Investment Trust plc, is an investment trust company. The Company’s objective is to provide a diversified portfolio of approximately 50 to 90 stocks, in which the investment manager has a high degree of conviction.
The Company seeks to achieve capital growth from world stock markets and to achieve the objective by holding a diversified portfolio of investments. The Company’s portfolio construction is driven by bottom-up stock selection rather than geographical or sector allocation.
The Company uses borrowing to gear the portfolio within a range of 5% cash to 20 % geared under normal market conditions.
The Company invests in sectors, such as consumer discretionary, financials, healthcare, information technology, industrials, energy, consumer staples, materials, telecommunication services, investment companies and utilities.
JPMorgan Asset Management (UK) Limited is the Company’s investment manager.
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.