Interim Management Statement

RNS Number : 8784J

JPMorgan Indian Invest Trust PLC

13 August 2012

 



JPMorgan Indian Investment Trust plc

Interim Management Statement (Unaudited)

For the three months ended 30th June 2012

This interim management statement relates to the quarter from 1st April 2012 to 30th June 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	7.0%	-7.6%	-21.6%	6.2%	3.2%	489.1%
Net asset value	4.5%	-7.1%	-19.5%	16.4%	4.4%	433.9%
Benchmark	5.4%	-7.8%	-23.7%	11.6%	12.3%	378.4%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th June 2012	As at 9th August 2012
Total assets	£441.6m	£451.8m
Share  price	326.0p	332.8p
Net asset value Discount/Premium Gearing Subscription share price	379.2p -14.0% 95.4% 58.0p	387.0p 14.0% 95.3% 58.5p

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 reporting period.

Material transactions

Changes to share capital

	Ordinary Shares	Subscription Shares
As at 1st April 2012	119,857,221	6,156,802
Shares bought back and cancelled	-	-
Shares bought back into Treasury		-
Shares cancelled from Treasury	-	-
Shares exercised	-	19,065
Shares issued	19,065	-
As at 30th June 2012	119,876,286	6,137,737

During the period 1st April 2012 to 30th June 2012 the holders of 19,065 subscription shares elected to convert their shares into ordinary shares. 403,000 Ordinary shares were bought into Treasury during the period. Of the 119,876,286 ordinary shares in issue as at 30th June 2012, 5,636,204 shares were held in Treasury.

Since 30th June 2012 the Company has bought 200,000 ordinary shares into Treasury.

Portfolio Analyses

Ten largest holdings as at 30th June 2012

Stock name	Sector	Weight %
Infosys Technologies	Information Technology	9.9
HDFC Bank	Financials	8.7
ITC	Consumer Staples	7.1
Reliance Industries	Energy	6.8
Housing Development Finance	Financials	6.2
Tata Consultancy Services	Information Technology	5.0
Infrastructure Dev Finance Tata Motors	Financials Consumer Discretionary	3.4 3.3
ACC	Materials	3.2
Gujarat Ambuja Cement	Materials	3.0

Sector breakdown as at 30th June 2012

Sector	Portfolio %
Financials	28.2
Information Technology	16.6
Energy	10.3
Materials	9.8
Consumer Discretionary	8.9
Consumer Staples	7.1
Health Care	5.6
Industrials	2.6
Telecommunication Services	2.3
Utilities	1.6
Cash	7.0
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th August 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 at www.jpmindian.co.uk

 

END

 

 

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