Interim Management Statement

RNS Number : 4349W
JPMorgan Japanese Inv. Trust PLC
28 July 2009
 



JPMorgan Japanese Investment Trust plc

(the 'Company')


Interim Management Statement (unaudited)


For the three months ended 30th June 2009




This interim management statement relates to the quarter from 1st April 2009 to 

30th June 2009 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

 0.0%

 7.8%

-16.2%

-45.7%

-32.6%

-36.7%

Net asset value

 0.6%

 9.4%

-11.4%

-40.7%

-27.3%

-33.6%

Benchmark

 0.2%

 7.0%

  -4.7%

-18.4%

   4.0%

-12.5%


* total return with net dividends reinvested

Source: JPMAM/Fundamental Data


Financial position 



As at 30th June 2009

As at 27th July

2009

Total assets

£288.7m

£292.8m

Share price

139.0p

143.0p

Net asset value

166.1p

168.6p

Discount

16.3%

15.2%

Gearing

114.1%

116.0%


Share prices shown are closing mid

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

Source: JPMAM/Fundamental Data


Material events


There were no material events during the period.



 



Material transactions 


Changes to share capital 



Ordinary Shares of 25p 



Shares in issue as at 1st April 2009

171,098,266

Shares bought back and cancelled

-

Shares issued - new

-

Shares bought back into treasury

-

Shares issued - from treasury

-

As at 30th June 2009

171,098,266



Portfolio


Top ten holdings as at 30th June 2009


Stock name

Sector

Weight %

Nippon Telegraph & Telephone

Information & Communication

5.9

NTT DoCoMo

Information & Communication

5.7

KDDI

Information & Communication

4.9

Astellas Pharma

Pharmaceutical

4.3

Mitsubishi UFJ Financial Group

Banks

4.2

Bridgestone

Rubber Products

3.3

Funai Electric

Electric Appliances

3.1

Mitsui O.S.K Lines

Marine Transportation

3.1

Asahi Glass

Glass & Ceramics Products

2.6

Asahi Kasei

Chemicals

2.6




Sector Breakdown as at 30th June 2009


Portfolio %

Information & Communication

19.4

Other

14.6

Electric Appliances

11.8

Chemicals

8.4

Pharmaceutical

7.9

Banks

6.5

Real Estate

6.5

Retail Trade

5.3

Wholesale Trade

4.9

Transportation Equipment

4.7

Glass & Ceramic Products

4.7

Securities & Commodity Futures

4.4

Other Financing Business

4.2

Land Transportation

3.7

Marine Transportation

3.6

Machinery

3.3

Cash

-13.9

Total

100.0


By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

28th July 2009

020 7742 6000


Registered office: Finsbury Dials, 20 Finsbury StreetLondonEC2Y 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 




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