Interim Management Statement

RNS Number : 7681A

JPMorgan Japanese Inv. Trust PLC

06 August 2008

 

JPMorgan Japanese Investment Trust plc

(the 'Company')

Interim Management Statement

For the three months ended 3oth 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	-7.6%	-2.3%	-22.4%	-16.1%	17.4%	28.1%
Net asset value	-8.6%	-6.1%	-22.8%	-16.9%	12.1%	23.5%
Benchmark	-7.2%	2.1%	-11.3%	9.4%	45.2%	29.2%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th June  2008	As at 5th August 2008
Total assets	£335.2m	£311.3
Share price	169.5p	158.3p
Net asset value	190.7p	177.1p
Discount	11.1%	10.6%
Gearing	106.8%	106.3%

Share prices shown are closing mid

Net asset values are shown excluding income with debt at fair value

Source: JPMAM/Fundamental Data

Material transactions 

Changes to share capital 

	Ordinary Shares of 25p
Shares in issue as at 1st April 2008	174,028,919
Shares bought back and cancelled	-
Shares issued - new Shares bought back into treasury Shares issued - from treasury	- - -
As at 30th June 2008	174,028,919

The Company has not issued any shares from treasury or cancelled any shares in this financial quarter.

Portfolio

Top ten holdings as at 30th June 2008

Stock name	Sector	Weight %
Mitsubishi UFJ Financial Group	Banks		4.9
Toyota Motor	Transportation Equipment		4.6
Honda Motor	Transportation Equipment		4.2
Sumitomo Mitsui Financial	Banks		3.9
Canon	Electric Appliances		3.7
Nintendo	Other Products		3.3
Japan Tobacco	Foods		3.3
Mitsui O.S.K. Lines	Marine Transportation		2.7
Komatsu	Machinery		2.5
Mitsui	Wholesale Trade		2.5

Sector Breakdown as at 30th June 2008

	Portfolio %
Banks	14.0
Transportation Equipment	13.9
Electric Appliances	12.0
Wholesale Trade	10.3
Machinery	9.9
Other	9.0
Iron & Steel	6.3
Information & Communication	5.6
Land Transportation	3.8
Marine Transportation	3.7
Retail Trade	3.6
Other Products	3.3
Foods	3.3
Pharmaceutical	3.0
Chemicals	2.8
Construction	2.2
Cash	-6.7
Total	100.00

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

6th August 2008

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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