Interim Management Statement

RNS Number : 6910G

JPMorgan American IT PLC

24 October 2008

 



JPMorgan American Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2008

This interim management statement relates to the quarter from 1st July 2008 to 30th September 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	-9.0%	-1.4%	-9.1%	5.6%	24.9%	33.3%
Net asset value	-5.4%	5.2%	-6.3%	4.6%	29.3%	30.4%
Benchmark	-6.8%	2.2%	-11.1%	-1.1%	17.7%	24.8%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 21st October 2008	As at 30th September 2008	As at 30th June 2008
Total assets	£279.3m	£344.4m	£328.2m
Share price	575p	603p	611.5p
Net asset value	584.2p	679.4p	646.0p
Discount	1.6 %	11.3 %	5.3 %
Gearing	111.1%	106.1%	104.8 %

Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data

Material events 

There were no material events to report for the three months ended 30th September 2008.

Material transactions 

Changes to share capital:    

	Ordinary Shares of 25p
Shares in issue as at 1st July 2008	42,725,949
Shares bought back and cancelled	-
Shares issued - new	-
As at 30th September 2008	42,725,949

The Company has not repurchased or issued any shares in the three months ended 30th September 2008.

Portfolio

Top ten holdings as at 30th September 2008

Stock name	Sector	Weight %
Exxon Mobil  McDonalds  Lockheed Martin  IBM Microsoft  Hewlett Packard  Procter & Gamble  Oracle  Philip Morris International  Boeing	Energy  Consumer Discretionary  Industrials  Information Technology  Information Technology  Information Technology  Consumer Discretionary  Information Technology  Consumer Discretionary  Industrials	5.2 3.5 2.9 2.5 2.4 2.2 2.1 2.0 1.8 1.7

Sector analysis as at 30th September 2008

Sector	30th September 2008 %	30th June 2008 %
Information Technology  Financials  Health Care  Energy  Industrials Consumer Discretionary Consumer Staples  Telecommunication Services  Utilities Materials  Cash	17.9 15.8 13.7 11.1 9.5 9.1 7.5 3.4 2.6 0.1 9.3	19.4 13.5 13.1 11.5 9.2 8.8 7.0 3.5 2.6 0.2 11.2
Total	100.0	100.0

Asset analysis as at 30th September 2008

	30th September 2008 %
Large companies	84.0
Small companies	5.9
Unquoted investments	0.9
Net current assets	9.2
Total	100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

24th October 2008

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. 

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.jpmamerican.co.uk. 

 

END

 

 

IMSPUGWUUUPRGQC