Interim Management Statement

RNS Number : 5408N

JPMorgan Indian Invest Trust PLC

28 July 2014

 



JPMorgan Indian Investment Trust plc

Interim Management Statement (Unaudited)

For the three months ended 30th June 2014

This interim management statement relates to the quarter from 1st April 2014 to 30th June 2014 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	2.5%	9.7%	15.5%	-4.2%	29.7%	284.4%
Benchmark	2.0%	9.9%	13.0%	-4.8%	39.2%	345.6%
Net asset value	1.3%	7.7%	12.0%	-1.3%	42.7%	331.6%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th June 2014	As at 25th July 2014
Total assets	£488.9m	£505.7m
Share  price	408.5p	418.0p
Net asset value Discount Gearing/-Net Cash	462.5p -11.7%                      3.2%	478.4p -12.6%                    3.7%

Share prices shown are closing bid

 Net asset value (cum income with debt at fair value)

Source: JPMAM/Morningstar

Material events

On 10^th April 2014, the Company announced that its full portfolio as at 28th February 2014 was available on its website and that the Company would be publishing the historic portfolio information, as at the end of the previous month, on the Company's website on a monthly basis going forward.

On 23^rd May 2014, the Company's results for the six months ended 31^st March 2014 were announced.

Material events post 30th June 2014

On 1st July 2014, the Company entered into arrangements to ensure compliance with the Alternative Investment Fund Managers Directive ("AIFMD").

Material transactions

Changes to share capital

	Ordinary Shares
As at 1st April 2014	106,142,798
Shares bought back and cancelled	-
Shares bought back into Treasury	435,000
Shares cancelled from Treasury	-
As at 30th June 2014	105,707,798

Since 30th June 2014, no share buybacks or issues have been made.

Portfolio Analyses

Ten largest holdings as at 30th June 2014

Stock name	Sector	Weight %
Reliance Industries	Energy	6.8
Infosys Technologies	Information Technology	6.7
Housing Development Finance	Financials	6.6
HDFC Bank	Financials	6.6
Tata Consultancy Services	Information Technology	6.5
Tata Motors	Consumer Discretionary	4.0
Sun Pharmaceutical Induslnd Bank	Health Care Financials	3.8 3.0
Kotak Mahindra Bank	Financials	3.0
ACC	Materials	2.9

Sector breakdown as at 30th June 2014

Sector	Portfolio %
Financials	36.3
Information Technology	15.4
Materials	11.9
Consumer Discretionary	11.3
Industrials	7.2
Energy	6.8
Health Care	4.9
Utilities	3.7
Consumer Staples	0.8
Telecommunication Services	0.0
Cash	1.7
Total	100.0

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Funds Limited, Secretary

28th July 2014

Registered office: 60 Victoria Embankment, London, EC4Y 0JP

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 FUNDS 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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