Interim Management Statement

RNS Number : 1558E

JPMorgan Emerging Mkts Invest Trust

07 May 2013

 



JPMorgan Emerging Markets Investment Trust plc

Interim Management Statement

For the three months ended 31st March 2013

This interim management statement relates to the quarter from 1st January 2013 to 31st March 2013 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	-1.4%	4.7%	11.2%	18.5%	53.4%	615.2%
Net asset value	0.0%	7.0%	13.2%	21.2%	53.7%	578.5%
Benchmark	-1.8%	5.3%	7.3%	10.0%	38.2%	402.5%

* Total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 31st March 2013	As at 6th May 2013
Total assets	£852.1m	£846.5m
Share price	621.5p	621.0p
Subscription Share price	98.0p	97.0p
Net asset value	702.6p	699.9p
Discount	11.5%	11.3%
Net Cash	4.5%	4.0%

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 January 2013	120,275,887
Shares bought back and cancelled	-
Shares issued due to exercise of Subscription shares	15,125
Shares in issue as at 31st March 2013	120,291,012

Since 31st March 2013, the Company has issued, due to exercise of Subscription shares, a further 3,560 shares.

Portfolio Analyses

Top ten holdings as at 31st March 2013

Stock name	Country	Weight %
Housing Development Finance	India	3.7
Grupo Financiero Banorte	Mexico	3.1
Taiwan Semiconductor Manufacturing ADS	Taiwan	2.8
Ultrapar Participacoes	Brazil	2.4
International Personal Finance	UK	2.3
Turkiye Garanti Bankasi	Turkey	2.2
AIA	Hong Kong	2.1
Companhia de Bebidas das Americas ADR	Brazil	2.1
CVRD	Brazil	2.0
Jardine Matheson Holdings Ltd.	Hong Kong	2.0

Sector analysis as at 31st March 2013

Sector	Portfolio %
Financials	33.5
Consumer Staples	20.5
Industrials Information Technology	10.5 8.6
Consumer Discretionary	8.4
Energy	5.2
Materials	4.9
Telecommunication Services	3.2
Health Care	0.7
Cash	4.5
Total	100.00

Geographical Analysis as at 31st March 2013

Country	Portfolio %
Brazil	16.9
India	12.7
South Africa	12.5
Hong Kong	10.6
China	8.5
Mexico	7.8
UK	6.8
Taiwan	4.9
Indonesia	4.8
South Korea	4.7
Russia	3.3
Turkey	3.1
Malaysia	1.4
Argentina	1.2
Chile	1.0
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

7th May 2013

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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