Interim Management Statement

RNS Number : 5513D

JPMorgan Emerging Mkts Invest Trust

17 May 2012

 



JPMorgan Emerging Markets Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2012

This interim management statement relates to the quarter from 1st January 2012 to 31st March 2012 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	-1.3%	8.8%	-4.0%	80.3%	53.4%	343.7%
Net asset value	-1.1%	10.4%	-5.1%	86.8%	53.6%	310.7%
Benchmark	-3.3%	11.0%	-8.5%	75.5%	54.2%	234.3%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2012	As at 15th May 2012
Total assets	£733.7m	£671.2m
Share price	563.5p	514.5p
Subscription Share price	98.5p	64.8p
Net asset value	614.2p	566.7p
Discount	8.3%	9.2%
Gearing	96.3%	96.0%

Share prices shown are closing, bid

Net asset values are shown excluding income, with debt at par value.

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 2012	114,329,875
Shares bought back and cancelled	-
Shares issued due to exercise of Subscription shares	53,380
Shares in issue as at 31st March 2012	114,383,255

Since 31st March 2012, the Company has issued, due to exercise of Subscription shares, a further 84,005 shares.

Portfolio Analyses

Top ten holdings as at 31st March 2012

Stock name	Country	Weight %
Housing Development Finance	India	3.5
Companhia Vale do Rio Doce ADR	Brazil	3.1
Taiwan Semiconductor Manufacturing ADS	Taiwan	2.7
Petroleo Brasileiro ADR	Brazil	2.6
Infosys Technologies ADR	India	2.3
Magnit	Russia	2.3
Companhia de Bebidas das Americas ADR	Brazil	2.3
Ultrapar Participacoes	Brazil	2.2
Ping An Insurance H	China	2.2
African Bank Investments	South Africa	2.2

Sector analysis as at 31st March 2012

Sector	Portfolio %
Financials	31.2
Consumer Staples	18.2
Consumer Discretionary Information Technology	11.1 9.8
Materials	7.5
Industrials	7.3
Energy	6.9
Telecommunication Services	3.7
Health Care	0.6
Cash	3.7
Total	100.00

Geographical Analysis as at 31st March 2012

Country	Portfolio %
Brazil	18.4
South Africa	12.7
India	11.7
China	10.6
Hong Kong	9.6
Mexico	6.1
South Korea	5.8
Taiwan	5.1
Indonesia	3.8
Russia	3.7
Turkey	2.7
UK	2.0
Chile	1.6
Malaysia	1.3
Other	1.2
Cash	3.7
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

17th May 2012

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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