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 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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