JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 52-Week High – Here’s Why

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 202 and last traded at GBX 201.79, with a volume of 163014 shares changing hands. The stock had previously closed at GBX 200.

JPMorgan Global Emerg Mkts Stock Performance

The company’s 50-day moving average price is GBX 178.95 and its 200-day moving average price is GBX 166.29. The firm has a market capitalization of £530.44 million and a PE ratio of 10.55.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.