Interim Management Statement

RNS Number : 7303V

JPMorgan Emerging Mkts Invest Trust

05 November 2010

 



JPMorgan Emerging Markets Investment Trust plc

Interim Management Statement (unaudited)

For the three months ended 30th September 2010

This interim management statement relates to the quarter from 1st July 2010 to 30th September 2010 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	9.6%	16.0%	28.4%	30.5%	116.7%	303.0%
Net asset value	9.2%	15.6%	29.4%	27.9%	118.9%	283.2%
Benchmark	8.4%	12.1%	22.0%	23.6%	104.5%	231.1%

* total return with net dividends reinvested

Source: JPMAM/Morningstar

Financial position

	As at 30th September 2010	As at 4th November 2010
Total assets	£753.6m	£771.7m
Share price	581.5p	609.5p
Subscription Share price	137.5p	163.5p
Net asset value	626.2p	672.9p
Discount	7.1%	9.4%
Gearing	97.4%	101.1%

Share prices shown are closing, bid

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

Source: JPMAM/Morningstar

Material events

There were no material events during the quarter.

Material transactions

Changes to share capital

	Ordinary Shares of 25p
Ordinary shares in issue as at 1st July 2010	111,196,525
Shares bought back and cancelled	-
Shares issued due to exercise of Subscription shares	3,096,863
Shares in issue as at 30th September 2010	114,293,388

Portfolio

Top ten holdings as at 30th September 2010

Stock name	Country	Weight %
Housing Development Finance	India	4.3
Magnit	Russia	4.0
Companhia Vale do Rio Doce ADR	Brazil	3.7
Petroleo Brasileiro ADR	Brazil	3.3
Turkiye Garanti Bankasi	Turkey	3.0
Infoysys Technologies ADR	India	2.8
China Merchants Bank H	China	2.8
Banco Itau	Brazil	2.4
African Bank Investments	South Africa	2.3
Wumart Stores	China	2.3

Sector analysis as at 30th September 2010

Sector	Portfolio %
Financials	31.3
Consumer Staples	19.9
Consumer Discretionary	11.4
Materials	9.1
Information Technology	7.3
Energy	6.9
Telecommunication  Services	5.6
Industrials	5.2
Health Care	0.7
Cash	2.6
Total	100.00

Geographical Analysis as at 30th September 2010

Country	Portfolio %
Brazil	15.8
India	13.6
China	12.2
Hong Kong	8.8
Russia	7.7
South Africa	7.4
Mexico	7.4
South Korea	6.8
Taiwan	3.5
Indonesia	3.1
Turkey	3.0
UK	2.0
Malaysia	1.3
Egypt	1.3
Chile	1.1
Hungary	1.0
Netherlands	0.8
Argentina	0.6
Cash	2.6
Total	100.00

By order of the Board

Jonathan Latter, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

5th November 2010

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.jpmemergingmarkets.co.uk 

 

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