Interim Management Statement

RNS Number : 8789J

JPMorgan Japanese Inv. Trust PLC

13 August 2012

 



JPMorgan Japanese Investment Trust plc

(the 'Company')

Interim Management Statement

For the three months ended 30th June 2012

This interim management statement relates to the quarter from 1st April 2012 to 30th June 2012 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	4.7%	-7.0%	-5.8%	22.1%	-20.5%	-6.4%
Net asset value	3.6%	-3.8%	-6.0%	17.5%	-19.6%	-9.7%
Benchmark	3.3%	-5.2%	-4.0%	11.5%	-5.7%	26.7%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th June 2012	As at 9th August 2012
Total assets	£335.7m	£323.7m
Share price	159.9p	162.0p
Net asset value	183.9p	187.65p
Discount	-13.1%	13.7%
Gearing	106.6%	105.7%

Share prices shown are closing mid

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

Source: JPMAM/Morningstar

Material events

There were no material events during the reporting period.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st April 2012	161,318,078
Shares bought back and cancelled	-
Shares issued - new	-
Shares bought back into treasury	-
Shares issued - from treasury	-
As at 30th June 2012	161,318,078

There were no share issues or buybacks during the quarter or since the period end.

Portfolio Analyses

Top ten holdings as at 30th June 2012

Stock name	Sector	Weight %
Nippon Telegraph & Telephone	Information & Communication		4.9
Sumitomo Mitsui Financial	Banks		3.5
Rakuten	Retail Trade		3.5
Mitsubishi UFJ Financial	Banks		3.2
Japan Tobacco	Foods		3.1
Honda Motor	Transportation Equipment		2.8
Nissan Motor	Transportation Equipment		2.7
Mitsubishi Electric	Electric Appliances		2.7
Familymart	Retail Trade		2.6
Orix	Other Financial Business		2.6

Sector Breakdown as at 30th June 2012

	Portfolio %
Electric Appliances	12.6
Information & Communication	12.4
Transportation Equipment	11.4
Other	11.1
Retail Trade	8.3
Banks	6.8
Wholesale Trade	6.8
Services	5.6
Foods	5.0
Machinery	4.3
Chemicals Other Financial Business	3.8 3.6
Non-Ferrous Metals Metal Products Cash	2.5 2.3 3.5
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

10th August 2012

Registered office: Finsbury Dials, 20 Finsbury Street, London, EC2Y 9AQ

Telephone: [phone]

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.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

JPMORGAN ASSET MANAGEMENT (UK) LIMITED

ENDS

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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