Interim Management Statement

RNS Number : 7462J

JPMorgan Japanese Inv. Trust PLC

19 July 2013

 



JPMorgan Japanese Investment Trust plc

(the 'Company')

Interim Management Statement

For the three months ended 30th June 2013

This interim management statement relates to the quarter from 1st April 2013 to 30th June 2013 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	3.1%	10.7%	40.0%	51.3%	43.3%	68.2%
Net asset value	1.2%	7.9%	34.6%	38.6%	40.1%	57.0%
Benchmark	1.6%	4.0%	24.9%	26.1%	32.7%	92.7%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th June 2013	As at 18th July 2013
Total assets	£464.6m	£432.4m
Share price	219.5p	240.0p
Net asset value	245.3p	268.1p
Discount	-10.5%	10.49%
Gearing	10.9%	12.0%

Share prices shown are closing mid

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

Source: JPMAM/Morningstar

Material events

On 21^st May 2013, the Company's results for the six months ended 31^st March 2013 were announced.

On 21^st May 2013 the Company's board announced the appointment of Sir Stephen Gomersall, KCMG as a non-executive Director of the Company with effect from 1^st July 2013.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Shares in issue as at 1st April 2013	161,248,078
Shares bought back and cancelled	-
Shares issued - new	-
Shares bought back into treasury	-
Shares issued - from treasury	-
As at 30th June 2013	161,248,078

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

Portfolio Analyses

Top ten holdings as at 30th June 2013

Stock name	Sector	Weight %
Sumitomo Mitsui Financial	Banks		4.3
Mitsubishi UFJ Financial	Banks		4.0
Softbank	Information & Communication		3.1
Orix	Other Financial Business		3.0
Hitachi	Electric Appliances		2.7
Japan Tobacco	Foods		2.6
Sumitomo Realty & Development	Real Estate		2.5
Taiheiyo Cement	Glass & Ceramics		2.5
KDDI	Information & Communication		2.0
Makita	Machinery		2.0

Sector Breakdown as at 30th June 2013

	Portfolio %
Banks	11.5
Information & Communication	9.8
Transportation Equipment	9.4
Electric Appliances	9.0
Services	8.7
Retail Trade	7.9
Real Estate	7.4
Other Financing Business	6.0
Machinery	5.0
Pharmaceutical	3.5
Foods Glass & Ceramics	3.4 2.5
Chemicals Construction Wholesale Trade	2.3 2.2 2.0
Non-Ferrous Metals	1.8
Metal Products	1.7
Securities & Commodity Futures	0.8
Insurance	0.2
Cash	4.9
Total	100

By order of the Board

Rebecca Burtonwood, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

19th July 2013

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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