Edison updates on JPMorgan Indian Invest. Trust

RNS Number : 9783U

JPMorgan Indian Invest Trust PLC

22 October 2014

 



London, UK, 22 October 2014

Edison issues research update on JPMorgan
Indian Investment Trust

JPMorgan Indian Investment Trust (JII) has performed strongly over the past six months, as a landslide election victory for pro-reform Narendra Modi of the BJP sparked a major reappraisal of the stock market. The trust seeks capital growth from a portfolio of companies chosen for their quality, value and growth characteristics. The managers take a long-term view and made an early move into cyclical stocks, which hurt performance during the 'taper tantrum' in mid-2013, but has helped drive returns since the turn of the year. A move down the capitalisation spectrum has seen turnover tick up, but it remains within a long-term range below 40%. The discount - although above 10% - is around average levels, perhaps reflecting greater caution towards single-country funds.

For the full report see:

http://www.edisoninvestmentresearch.com/research/report/jpmorgan-indian-investment-trust2

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