Interim Management Statement

RNS Number : 3566A

JPMorgan Indian Invest Trust PLC

31 July 2008

 



JPMorgan Indian Investment Trust plc

Interim Management Statement (Unaudited)

For the three months ended 30th June 2008 

This interim management statement relates to the quarter from 1st April 2008 to 30th June 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	-24.6%	-27.1%	-16.0%	57.3%	342.4%	640.3%
Net asset value	-20.3%	-21.5%	-19.9%	65.0%	289.7%	511.0%
Benchmark	-20.1%	-19.8%	-12.4%	73.7%	249.1%	290.3%

* total return with net dividends reinvested

Source: JPMAM/Fundamental Data

Financial position 

	As at 30th June 2008	As at 30th July 2008
Total assets	£295.4m	£328.6m
Share price	271.8p	321.5p
Net asset value  Discount/Premium  Gearing	289.3p -6.1% 97%	316.5p 1.59 96%

Share prices shown are closing bid

Net asset values are shown with debt at fair value

Source: JPMAM/Fundamental Data

Changes to share capital 

	Issued Shares
As at 1st April 2008		104,749,662
Shares bought back and cancelled		-
Shares bought back into Treasury  Shares cancelled from Treasury  Shares issued		- - -
As at 30th June 2008		104,749,662

Of the 104,749,662 shares in issue, 1,979,788 shares are held in Treasury. The Company has not cancelled or issued any shares in this financial quarter.

  Portfolio Analyses 

Ten largest holdings as at 30th June 2008

Stock name

Sector

Weight %

Reliance Industries                                              Energy                                         16.9

Infosys Technologies                                           Information Technology                7.5

Housing Development Finance                           Financials                                      6.7

ICICI Bank                                                          Financials                                      5.4

Bharti Airtel                                                        Telecommunication Services         5.1

HDFC Bank                                                       Financials                                       4.7

Bharat Heavy Electricals                                    Industrials                                      4.7

Larsen & Toubro                                                Industrials                                      3.7

ITC                                                                    Consumer Staples                           3.0

Satyam Computer                                              Information Technology                 2.9

Portfolio analysis as at 30th June 2008

Sector

Portfolio %

Financials                                                                29.8

Energy                                                                     19.9

Industrials                                                                13.8

Information Technology                                          11.0

Telecommunication Services                                     7.2

Utilities                                                                      4.6

Consumer Staples                                                      3.4

Materials                                                                    2.9

Health Care                                                               2.8

Consumer Discretionary                                            0.6

Cash                                                                          4.0

Total                                                                      100.0

By order of the Board

Andrew Norman, for and on behalf of

JPMorgan Asset Management (UK) Limited, Secretary

31st July 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.jpmindian.co.uk

 

END

 

 

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