Interim Management Statement

RNS Number : 2638B

JPMorgan Asian Investment Tst PLC

13 August 2008

 



JPMorgan Asian Investment Trust plc

Interim Management Statement

For the three months ended 30th June 2008

This interim management statement relates to the quarter from 1st April 2008 to 

30th June 2008 and contains information that covers that period, unless otherwise stated.  

Financial performance - Cumulative Total Return *

	1 month	3 months	1 Year	3 Years	5 Years
Share price	-13.5%	-6.5%	-5.0%	60.4%	140.0%
Net asset value	-13.4%	-7.4%	-7.1%	58.2%	143.8%
Benchmark	-12.5%	-8.0%	-4.9%	53.8%	135.0%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th June 2008	As at 12th  August 2008
Total assets	£316.1m	£309.9m
Share price	166.0p	163.0p
Net asset value	184.8p	180.3p
Discount	10.2%	9.6%
Gearing	96.3%	95.1%

Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data

Material transactions 

Changes to share capital 

	Shares of 25p
Shares in issue as at 1st April 2008	160,007,154
Shares bought back and cancelled	-
Shares issued	-
As at 30th June 2008	160,007,154

During the quarter, the Company made no market purchases of its own shares for cancellation.

Portfolio

Top ten holdings as at 30th June 2008

Stock name	Sector	Weight %
Reliance Industries	Energy	3.5
China Construction Bank 'H'	Financials	3.4
Olam International	Consumer Staples	2.9
IOI	Consumer Staples	2.9
Kookmin Bank	Financials	2.8
United Tractors	Industrials	2.6
China Merchants Bank	Financials	2.5
Golden Agri Resources	Consumer Staples	2.4
Samsung Fire & Marine	Financials	2.3
Keppel	Industrials	2.2

Sector breakdown as at 30th June 2008

	Portfolio %
Financials	24.5
Industrials	19.0
Consumer Staples	14.8
Energy	9.5
Materials	7.0
Consumer Discretionary	6.1
Information Technology	4.9
Telecommunication Services	4.7
Utilities	0.0
Health Care	0.0
Cash	9.5
Total	100.00

Geographical Breakdown as at 30th June 2008

	Portfolio %
Hong Kong	19.1
South Korea	19.0
China	12.1
Singapore	11.6
Indonesia	8.5
India	6.7
Taiwan	6.5
Malaysia	2.9
Thailand	2.5
Australia	1.6
Philippines	0.0
Pakistan	0.0
Cash	9.5
Total	100.00

By order of the Board

Alison Vincent, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

13th August 2008

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

This interim management statement has been prepared solely to provide information to meet the requirements of the UK Listing Authority's Disclosure and Transparency Rules. 

Please note that up to date information on the Company, including daily NAV and share prices, factsheets and portfolio information can be found at www.jpmasian.co.uk.  

 

END

 

 

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