Interim Management Statement

RNS Number : 4347W

JPMorgan Indian Invest Trust PLC

28 July 2009

 



JPMorgan Indian Investment Trust plc

('the Company')

Interim Management Statement (unaudited)

For the three months ended 30th June 2009 

This interim management statement relates to the quarter from 1st April 2009 to 30th June 2009 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	-5.1%	35.8%	15.9%	32.5%	196.8%	546.9%
Net asset value	-2.9%	28.3%	13.1%	34.9%	202.5%	373.9%
Benchmark	-4.2%	39.1%	14.8%	48.7%	220.1%	249.8%

* Total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th June 2009	As at 27th July 2009
Total assets	£358.1m	£375.5m
Share price	315.0p	326.0p
Net asset value  Discount/Premium  Gearing Subscription share price	324.2p -2.8% 99.3% 101.5p	338.1p    -3.6%    98.8% 103.8p

Share prices shown are closing bid

Net asset values are shown with debt at par value

Source: JPMAM/Fundamental Data

Material events 

There were no material events during the period.

Material transactions 

Changes to share capital 

		Ordinary 25p Shares
As at 31st March 2009		105,555,526
Shares bought back and cancelled		-
Shares bought back into Treasury		-
Shares cancelled from Treasury		-
Subscription shares converted into Ordinaries		1,015,013
As at 30th June 2009		106,570,539

Of the 106,570,539 Ordinary shares in issue, 1,979,788 shares are held in Treasury.  

		Subscription Shares of 1p each
As at 31st March 2009		20,458,017
Subscription shares converted into Ordinaries		1,015,013
As at 30th June 2009		19,443,004

On 4th November 2008, as part of a bonus issue of Subscription shares, the Company issued 21,001,937 Subscription shares. 

Portfolio Analyses 

Ten largest holdings as at 30th June 2009

Stock name	Sector	Portfolio %
Reliance Industries	Energy	13.2
Infosys Technologies	Information Technology	8.5
HDFC Bank	Financials	7.3
Housing Development Finance	Financials	7.2
Bharat Heavy Electricals	Industrials	6.1
ICICI Bank	Financials	5.7
ITC	Consumer Staples	4.1
Bharti Airtel	Telecommunication Services	3.6
Oil and Natural Gas	Energy	3.3
Maruti Suzuki India Ltd	Consumer Discretionary	3.0

Portfolio analysis as at 30th June 2009

Sector	Portfolio %
Financials	28.9
Energy	18.3
Industrials	11.1
Information Technology	8.5
Utilities	7.9
Consumer Staples	6.0
Consumer Discretionary	5.3
Telecommunication Services	4.8
Health Care	4.4
Materials	4.0
Cash	0.8
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

28th July 2009 

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.jpmindian.co.uk

 

END

 

 

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