What Happened to JPMorgan Emerging Markets Growth & Income plc Shares on 13 November 2026?

JPMorgan Emerging Markets Growth & Income plc (LSE:JMGI) shares eased 2.31% to 152.2p on 13 November 2026. The Investment trust was in focus following its half-year report for the six months ended 31 December 2025, published on 26 February 2026.

The report set out its net asset value and share price returns, share repurchases and Dividend declared.

Key Highlights

The trust's share price total return was 21.1% for the six months, with a net asset value total return of 20.5% compared with 18.1% for the MSCI Emerging Markets index benchmark. Technology and financial holdings made the largest contributions.

Since the half-year end, the board said net asset value had risen 12.9%, matching the benchmark's rise.

About JPMorgan Emerging Markets Growth & Income plc

JPMorgan Emerging Markets Growth & Income plc is an investment trust that invests in emerging market companies across the market-cap spectrum, seeking both Capital growth and income. It is managed by J.P. Morgan Asset Management and listed in London.

Its benchmark is the MSCI Emerging Markets Index.

Long-Term Returns

For the ten years ended 31 December 2025, the share price total return was 194.5% and the net asset value total return was 179.4%, both ahead of the benchmark's 145.9%.

Total return includes both price changes and reinvested dividends.

Share Buybacks

During the half year the trust repurchased 39,551,550 shares at a total cost of £49.8m. Buybacks can help narrow the gap between the share price and net asset value.

At the 30 June 2025 year end, the discount to net asset value stood at 8.2%, narrowed from 12.0% a year earlier.

Dividends

The board declared a second Interim Dividend of 1.261p per share. For the year to 30 June 2025, the total dividend was 2.10p, an increase of 10.5%.

The trust's income objective sits alongside its growth objective.

Portfolio Approach

The managers look for high quality emerging market businesses across large, mid and small companies. The portfolio is built stock by stock rather than by tracking the index.

Technology and financial holdings featured among the leading contributors in the half year.

Understanding NAV, Discount and Total Return

Net asset value is the value of the trust's investments less its liabilities, divided by the number of shares. If the share price is below net asset value the trust trades at a discount.

Total return combines capital gains with dividends reinvested, so it gives a fuller picture of performance than price alone.

Why the Update Matters for the Sector

Investment trusts that invest in emerging markets are followed for how they provide access to a broad range of companies in one holding. Their reports show how returns compare with a benchmark, how discounts move and how dividends are supported.

Buyback programmes are an additional tool boards use in managing discounts.

Putting the Update in Context

The gap between the share price and net asset value is known as the discount or premium, and it can change over time. Boards can use share buybacks, discount control mechanisms and regular reporting to keep shareholders informed about how the trust is managed.

Key Growth Catalysts

Exposure to emerging market growth, a diversified portfolio and an active buyback programme are the main features. Dividends add an income component.

Long-term return figures show the portfolio's progress over a ten-year period.

Factors to Monitor

Emerging markets can be affected by currency movements, local politics and global trade conditions. The share price can differ from net asset value as the discount changes.

Returns can vary between periods and versus the benchmark.

What Investors Should Watch Next

Investors may wish to follow monthly net asset value updates, the discount, buyback activity, dividend declarations and the next annual report.

Conclusion

JPMorgan Emerging Markets Growth & Income plc (LSE:JMGI) eased 2.31% to 152.2p on 13 November 2026. JPMorgan Emerging Markets Growth & Income reported a 20.5% net asset value total return for the half year, share repurchases and a second interim dividend. The next report is the point of reference.