JPMorgan Global Emerg Mkts (LON:JEMI) Reaches New 1-Year High - Time to Buy?

Key Points

• JPMorgan Global Emerg Mkts Inc's stock reached a new 52-week high, trading at GBX 155 ($2.10) with a market capitalization of £415.84 million.
• The company focuses on income-oriented investments in emerging markets, aiming for higher dividend yields and stable business prospects.
• JPMorgan's approach involves rigorous analysis by country and sector specialists to identify sustainable businesses with good governance structures.

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 155 ($2.10) and last traded at GBX 154.50 ($2.09), with a volume of 674977 shares changing hands. The stock had previously closed at GBX 151.50 ($2.05).

JPMorgan Global Emerg Mkts Stock Performance

The business has a 50 day simple moving average of GBX 150.56 and a 200-day simple moving average of GBX 141.03. The stock has a market capitalization of £414.49 million and a P/E ratio of 755.64.

About JPMorgan Global Emerg Mkts

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.