Interim Management Statement

RNS Number : 1332M

JPMorgan Japanese Inv. Trust PLC

10 August 2011

 



JPMorgan Japanese 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	5.1%	1.0%	14.8%	8.7%	-29.6%	-24.7%
Net asset value	4.2%	1.4%	9.6%	10.7%	-25.9%	-26.5%
Benchmark	4.5%	0.2%	5.1%	10.6%	-5.3%	0.5%

* total return with net dividends reinvested

Source: JPMAM/MorningStar

Financial position

	As at 30th June 2011	As at 5th August 2011
Total assets	£366.9m	£354.1m
Share price	174.0p	169.8p
Net asset value	201.5p	193.5p
Discount	-13.7%	-12.3%
Gearing	106.5%	105.8%

Share prices shown are closing mid

Net asset values are shown excluding income 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 of 25p
Shares in issue as at 1st April 2011	161,318,078
Shares bought back and cancelled	-
Shares issued - new	-
Shares bought back into treasury	-
Shares issued - from treasury	-
As at 30th June 2011	161,318,078

Portfolio Analyses

Top ten holdings as at 30th June 2011

Stock name	Sector	Weight %
Nippon Telegraph & Telephone	Information & Communication		5.0
Honda Motor	Transportation Equipment		4.2
Mitsubishi UFJ Financial	Banks		3.9
Canon	Electric Appliances		3.2
Sumitomo Mitsui Financial	Banks		3.1
Sumitomo Electric Industries	Non-Ferrous metals		2.6
Omron	Electric Appliances		2.5
Mitsubishi	Wholesale Trade		2.5
Mitsui & Co	Wholesale Trade		2.4
Orix	Other Financing Business		2.3

Sector Breakdown as at 30th June 2011

Sector	Portfolio %
Electric Appliances	13.4
Transportation Equipment	12.7
Information & Communication	10.4
Wholesale Trade	10.1
Machinery	8.0
Banks	7.0
Chemicals	5.5
Services	4.4
Glass & Ceramic Products	4.3
Retail Trade	4.0
Foods	3.5
Other Financing Business	2.7
Non-Ferrous Metals	2.6
Real Estate	2.0
Metal Products Oil & Coal Products Construction Pharmaceutical Warehousing & Harbour Transport Services	1.9 1.3 1.1 0.4 0.2
Cash	4.5
Total	100.0

By order of the Board

Chris Cordrey, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th August 2011

020 7742 6000

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

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.jpmjapanese.co.uk 

 

END

 

 

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