Interim Management Statement

RNS Number : 1493M

JPMorgan Indian Invest Trust PLC

10 August 2011

 



JPMorgan Indian Investment Trust plc

('the Company')

Interim Management Statement (unaudited)

For the three months ended 30th June 2011

This interim management statement relates to the quarter from 1st April 2011 to 30th June 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	3.5%	-3.6%	6.1%	56.9%	79.2%	556.2%
Net asset value	4.1%	-3.1%	3.5%	63.5%	95.1%	483.3%
Benchmark	4.3%	-3.7%	0.6%	67.9%	117.5%	453.0%

* Total return with net dividends reinvested

Source: JPMAM/MorningStar

Financial position

	As at 30th June 2011	As at 5th August 2011
Total assets	£560.9m	£512.2m
Share  price	426.6p	379.4p
Net asset value Discount/Premium Gearing Subscription share price	468.8p -9.0% 95.7% 165.0p	429.5p -11.7% 99.1% 127.5p

Share prices shown are closing bid

Net asset values are shown with debt at par value

Source: JPMAM/MorningStar

Material events

There were no material events during the period.

Material transactions

Changes to share capital

	Ordinary Shares	Subscription Shares
As at 1st April 2011	116,976,847	4,775,894
Shares bought back and cancelled	-	-
Shares bought back into Treasury	-	-
Shares cancelled from Treasury	-	-
Shares exercised	-	355,447
Shares issued	355,447	-
As at 30 June 2011	117,332,294	5,131,341

During the period 1st April 2011 to 30th June 2011 the holders of 355,447 subscription shares elected to convert their shares into ordinary shares. Since the period end and up to the date of the announcement, the Company has issued a further 182,952 Ordinary shares following the exercise of Subscription shares.

Portfolio Analyses

Ten largest holdings as at 30th June 2011

Stock name	Sector	Portfolio %
Infosys Technologies	Information Technology	11.4
Reliance Industries	Energy	8.3
HDFC Bank	Financials	7.0
Housing Development Finance	Financials	6.0
ICICI Bank	Financials	5.7
ITC	Consumer Staples	5.0
Tata Consultancy Services	Information Technology	4.2
Larsen & Toubro	Industrials	3.0
Bharat Heavy Electricals	Industrials	3.0
Tata Motors	Industrials	2.4

Sector breakdown as at 30th June 2011

Sector	Portfolio %
Financials	26.5
Information Technology	17.1
Industrials	11.1
Energy	10.3
Materials	9.1
Consumer Discretionary	5.8
Health Care	5.1
Consumer Staples Telecommunication Services	5.0 2.4
Utilities	1.7
Cash	5.9
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th August 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.

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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