JPMorgan EM Growth & Income Outpaces Benchmark with Strong Tech Performance
JPMorgan Emerging Markets Growth & Income PLC (JMGI) released its annual financial report for the year ended June 30, 2026. The company's share price total return was +55.9%, outperforming the Benchmark total return of +48.2% (MSCI Emerging Markets Index).
The 10-year share price cumulative total return was +225.0%, and the 10-year cumulative NAV total return was +196.3%. The company repurchased 69,334,463 shares at an average discount of 8.8% and a total cost of £94.8m.
Austin Forey and John Citron, Portfolio Managers, commented on the strong performance: 'By any standards, this has been a good year for emerging market equities... The good news is that we had a lot of exposure to technology hardware producers, especially to the semiconductor industry.'