Interim Management Statement

RNS Number : 2372S

JPMorgan Emerging Mkts Invest Trust

16 November 2011

 



JPMorgan Emerging Markets Investment Trust plc

Interim Management Statement

For the three months ended 30th September 2011

This interim management statement relates to the quarter from 1st July 2011 to 30th September 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	-9.2%	-17.7%	-14.7%	48.3%	59.2%	533.4%
Net asset value	-9.2%	-17.7%	-14.1%	41.6%	57.3%	463.1%
Benchmark	-10.7%	-20.2%	-15.2%	37.3%	52.1%	318.6%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2011	As at 15th November 2011
Total assets	£640.3m	£675.7m
Share price	492.0p	519.0p
Subscription Share price	68.8p	70.8p
Net asset value	535.5p	590.1p
Discount	8.1%	12.0%
Gearing	93.6%	96.4%

Share prices shown are closing, bid

Net asset values are shown excluding income, with debt at par value.

Source: JPMAM/Morningstar

Material events

There were no material events during the quarter.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Ordinary shares in issue as at 1st July 2011	114,365,583
Shares bought back and cancelled	-
Shares issued due to exercise of Subscription shares	29,698
Shares in issue as at 30th September 2011	114,395,281

Since 30th September 2011, the Company has issued, due to exercise of Subscription shares, a further 3,748 shares.

Portfolio Analyses

Top ten holdings as at 30th September 2011

Stock name	Country	Weight %
Housing Development Finance	India	4.1
Companhia Vale do Rio Doce ADR	Brazil	3.4
Hyundai Mobis	South Korea	2.8
Bharti Airtel	India	2.5
Infosys Technologies ADR	India	2.5
Petroleo Brasileiro ADR	Brazil	2.4
Turkiye Garanti Bankasi	Turkey	2.4
Taiwan Semiconductor Manufacturing ADS	Taiwan	2.4
Wumart Stores	China	2.3
Li & Fung	Hong Kong	2.2

Sector analysis as at 30th September 2011

Sector	Portfolio %
Financials	28.0
Consumer Staples	15.5
Consumer Discretionary Information Technology	14.8 9.2
Materials	8.1
Energy	6.0
Industrials	5.4
Telecommunication Services	5.2
Health Care	0.7
Cash	7.1
Total	100.00

Geographical Analysis as at 30th September 2011

Country	Portfolio %
Brazil	16.1
India	14.1
Hong Kong	10.6
South Africa	9.7
China	9.2
South Korea	7.3
Mexico	5.9
Taiwan	4.2
Indonesia	3.9
Russia	3.4
Turkey	3.1
UK	1.9
Malaysia	1.3
Chile	1.2
Egypt	0.5
Argentina	0.5
Cash	7.1
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

16th November 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.

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 www.jpmemergingmarkets.co.uk 

 

END

 

 

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