Interim Management Statement

RNS Number : 3544W

JPMorgan Chinese Inv Tst PLC

27 July 2009

 

JPMorgan Chinese Investment Trust plc

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	-3.1%	26.9%	17.5%	51.3%	134.0%	143.5%
Net asset value	-1.2%	14.6%	5.7%	53.6%	117.9%	96.8%
Benchmark	-2.9%	15.2%	3.1%	35.0%	86.9%	52.2%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th June 2009	As at 24th July  2009
Total assets	£86.8m	£94.9m
Share price	116.8p	131.0p
Net asset value	117.2p	128.0p
(Discount)/Premium	-0.4%	2.3%
Gearing Subscription share price	99.9% 14.3p	102.4% 30.0p

Share prices shown are closing bid

Net asset values are shown with debt at par value

Source: JPMAM/Fundamental Data

Material events 

AGM

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	75,462,001
Shares held in Treasury at 1st April 2009	4,329,000
Shares bought back and cancelled	-
Shares issued - new Shares bought back into Treasury Shares issued - from Treasury	79,460 - 550,000
Shares in issue at 30th June 2009	75,541,001
Shares held in Treasury at 30th June 2009	3,779,000

On 29th May 2009 the Company issued 79,460 Ordinary shares following the first opportunity to exercise Subscription shares. In accordance with the terms of the Subscription shares, the next opportunity to exercise will be 15th May 2010 at 143 pence per share.  

Since the period end and at the date of this announcement, the Company has issued a further 100,000 shares from Treasury. 

	Subscription Shares of 1p
Shares in issue as at 1st April 2009	14,136,407
Shares exercised	79,460
Shares repurchased	-
As at 30th June 2009	14,056,947

Portfolio Analyses 

Top ten holdings as at 30th June 2009 

Stock name	Sector	% of Portfolio
China Mobile	Telecommunication Services	7.1
China Construction Bank 'H'	Financials	5.3
Industrial & Commercial Bank of China 'H'	Financials	4.4
China Life Insurance 'H'	Financials	4.2
Taiwan Semiconductor	Information Technology	4.1
CNOOC	Energy	3.9
Hon Hai Precision Industry	Information Technology	3.4
JF China Pioneer 'A' Share Fund	Financials	3.2
China Shenhua Energy 'H'	Energy	3.0
Cheung Kong	Financials	2.9

Sector breakdown as at 30th June 2009

Sector	% of Portfolio
Financials	48.4
Information Technology	16.0
Energy	8.5
Telecommunication Services	7.8
Materials	7.2
Industrials	5.2
Other	2.2
Consumer Staples	2.0
Consumer Discretionary	1.9
Utilities	0.4
Cash	0.4
Total	100.0

By order of the Board

Christopher Legg, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

27th July 2009

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, fact sheets and portfolio information can be found at www.jpmchinese.co.uk

 

END

 

 

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