Interim Management Statement

RNS Number : 3566A
JPMorgan Indian Invest Trust PLC
31 July 2008
 



JPMorgan Indian Investment Trust plc


Interim Management Statement (Unaudited)


For the three months ended 30th June 2008 


This interim management statement relates to the quarter from 1st April 2008 to 30th June 2008 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

-24.6%

-27.1%

-16.0%

57.3%

342.4%

640.3%

Net asset value

-20.3%

-21.5%

-19.9%

65.0%

289.7%

511.0%

Benchmark

-20.1%

-19.8%

-12.4%

73.7%

249.1%

290.3%


* total return with net dividends reinvested

Source: JPMAM/Fundamental Data


Financial position 


As at 30th June 2008

As at 30th July 2008

Total assets 

£295.4m

£328.6m

Share price

271.8p

321.5p

Net asset value 

Discount/Premium 

Gearing

289.3p

-6.1%

97%

316.5p

1.59

96%


Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data


Changes to share capital 



Issued Shares  





As at 1st April 2008


104,749,662

Shares bought back and cancelled


-

Shares bought back into Treasury 

Shares cancelled from Treasury 

Shares issued  


-

-

-

As at 30th June 2008


104,749,662


Of the 104,749,662 shares in issue, 1,979,788 shares are held in Treasury. The Company has not cancelled or issued any shares in this financial quarter.



  Portfolio Analyses 


Ten largest holdings as at 30th June 2008


Stock name

Sector

Weight %


Reliance Industries                                              Energy                                         16.9

Infosys Technologies                                           Information Technology                7.5

Housing Development Finance                           Financials                                      6.7

ICICI Bank                                                          Financials                                      5.4

Bharti Airtel                                                        Telecommunication Services         5.1

HDFC Bank                                                       Financials                                       4.7

Bharat Heavy Electricals                                    Industrials                                      4.7

Larsen & Toubro                                                Industrials                                      3.7

ITC                                                                    Consumer Staples                           3.0

Satyam Computer                                              Information Technology                 2.9



Portfolio analysis as at 30th June 2008


Sector


Portfolio %

Financials                                                                29.8

Energy                                                                     19.9

Industrials                                                                13.8

Information Technology                                          11.0

Telecommunication Services                                     7.2

Utilities                                                                      4.6

Consumer Staples                                                      3.4

Materials                                                                    2.9

Health Care                                                               2.8

Consumer Discretionary                                            0.6

Cash                                                                          4.0

Total                                                                      100.0


By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

31st July 2008 


Registered office: Finsbury Dials, 20 Finsbury StreetLondonEC2Y 9AQ

Telephone: 020 7742 6000


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.jpmindian.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange
 
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