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JPMorgan Japan Smaller Cos lags benchmark

By BFN News | 04:07 PM | Thursday 23 June, 2011

JPMorgan Japan Smaller Companies Trust's undiluted total return on net assets was -13.7% in the year to the end of March. This underperformed the return of the company's benchmark, the S&P Japan Small Cap Index (total return net), which rose by 3.2% and the peer group median, which rose by 1.2%. The company's diluted return on net assets - which assumes that all of the subscription shares in issue were exercised at 147p per share and that all of the treasury shares were re-issued in accordance with the board's policy - was -10.7%. The company's ordinary share price fell by 8.8%, reflecting a narrowing of the discount to the diluted net asset value per share from 13.1% to 11.2%. At 4:07pm: (LON:JPS) JP Morgan Fleming Japanese Smaller Co's IT share price was -0.75p at 142.75p Story provided by

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