Interim Management Statement

RNS Number : 8592G

JPMorgan Emerging Mkts Invest Trust

18 May 2011

 



JPMorgan Emerging Markets Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 31^st March 2011

This interim management statement relates to the quarter from 1st January 2011 to 31^st March 2011 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	10 Years
Share price	5.5%	-4.4%	11.1%	43.7%	78.6%	437.6%
Net asset value	6.2%	-2.9%	12.8%	43.1%	82.1%	402.0%
Benchmark	7.4%	-0.3%	12.1%	40.8%	79.9%	318.5%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2011	As at 17th May 2011
Total assets	£782.0m	£759.4m
Share price	591.0p	575.0p
Subscription Share price	133.0p	128.5p
Net asset value	651.2p	659.16p
Discount	9.3%	12.8%
Gearing	98.7%	96.0%

Share prices shown are closing, bid

Net asset values are shown excluding income.

Source: JPMAM/Morningstar

Material events

There were no material events during the quarter.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Ordinary shares in issue as at 1st January 2011	114,313,321
Shares bought back and cancelled	-
Shares issued due to exercise of Subscription shares	27,142
Shares in issue as at 30th September 2010	114,340,463

Portfolio

Top ten holdings as at 31st March 2011

Stock name	Country	Weight %
Housing Development Finance	India	3.9
Companhia Vale do Rio Doce ADR	Brazil	3.8
Petroleo Brasileiro ADR	Brazil	3.3
Infosys Technologies ADR	India	2.8
China Merchants Bank H	China	2.8
Magnit	Russia	2.7
Li & Fung	Hong Kong	2.7
African Bank Investments	South Africa	2.4
Sberbank of Russia	Russia	2.3
Turkiye Garanti Bankasi	Turkey	2.3

Sector analysis as at 31st March 2011

Sector	Portfolio %
Financials	31.3
Consumer Staples	15.2
Consumer Discretionary	14.8
Materials	9.4
Information Technology	8.9
Energy	6.9
Telecommunication  Services	5.1
Industrials	3.8
Health Care	0.7
Cash	3.9
Total	100.00

Geographical Analysis as at 31st March  2011

Country	Portfolio %
Brazil	16.3
India	13.6
China	10.6
South Africa	10.0
Hong Kong	8.1
Mexico	7.5
South Korea	6.9
Russia	6.0
Taiwan	4.1
Turkey	3.0
Indonesia	2.9
UK	2.3
Malaysia	1.3
Hungary	1.0
Chile	0.9
Egypt	0.8
Argentina	0.8
Cash	3.9
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

18th May 2011

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.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

ENDS

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.jpmemergingmarkets.co.uk 

 

END

 

 

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